Recap: Wolverine World Wide Q4 Earnings - Wolverine World Wide (NYSE:WWW)

Wolverine World Wide WWW reported its Q4 earnings results on Wednesday, February 23, 2022 at 06:30 AM.

Here's what investors need to know about the announcement.

Wolverine World Wide reported in-line EPS of $0.41 versus an estimate of $0.41.

Revenue was up $126.00 million from the same period last year.

Last quarter the company beat on EPS by $0.02 which was followed by a 1.32% increase in the share price the next day.

Here's a look at Wolverine World Wide's past performance:

Quarter	Q3 2021	Q2 2021	Q1 2021	Q4 2020
EPS Estimate	0.60	0.48	0.4	0.17
EPS Actual	0.62	0.67	0.4	0.21
Revenue Estimate	652.73M	567.26M	511.78M	478.99M
Revenue Actual	636.70M	631.90M	510.70M	509.60M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Wolverine World Wide management provided guidance for their next quarter, expecting earnings between $2.5 and $2.65 per share for the next quarter.

This represents a 528.05% in quarter-over-quarter growth for Wolverine World Wide, a bullish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.