Fubotv earnings beat by $0.10, revenue topped estimates
Investing.com - UBS raised its price target on Wolverine World Wide (NYSE:WWW) to $36.00 from $30.00 on Thursday, while maintaining a Buy rating on the footwear company’s stock. The stock, currently trading at $26.98, has demonstrated remarkable momentum with a 114% return over the past year. According to InvestingPro data, seven analysts have recently revised their earnings estimates upward for the upcoming period.
The firm cited Wolverine’s ongoing investments in its Active brands as a key driver for sustainable sales and earnings per share growth in the future.
UBS highlighted Wolverine’s second-quarter earnings beat and the outstanding performance of its Saucony brand, which saw sales growth of 42% year-over-year, as evidence that the company’s brand-building strategy is working effectively.
The research firm noted that Wolverine’s third-quarter guidance suggests tariffs are "fairly manageable" and that the company’s initiatives should drive stronger profitability over time, leading UBS to forecast a 25% five-year EPS compound annual growth rate.
UBS expects sales and earnings beats over the near term to drive Wolverine World Wide’s stock toward its new $36 price target.
In other recent news, Wolverine World Wide reported impressive second-quarter 2025 earnings, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $0.35, significantly outperforming the projected $0.23, which represents a 52.17% positive surprise. Revenue for the quarter reached $474 million, exceeding the anticipated $444 million. Following this strong performance, Stifel raised its price target for Wolverine World Wide to $30 from $25, maintaining a Buy rating. Stifel highlighted the company’s $28 million revenue beat and noted that the third-quarter guidance of $450-$460 million in revenue and $0.28-$0.32 in adjusted EPS appears conservative. These developments suggest potential upside in Wolverine’s future performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.