Wolverine Worldwide (WWW) Q1 Earnings: What To Expect

Footwear conglomerate Wolverine Worldwide (NYSE:WWW) will be reporting results tomorrow before the bell. Here's what you need to know.

Wolverine Worldwide met analysts' revenue expectations last quarter, reporting revenues of $521.2 million, down 17.9% year on year. It was a weak quarter for the company, with full-year revenue guidance missing analysts' expectations.

Is Wolverine Worldwide a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Wolverine Worldwide's revenue to decline 37.7% year on year to $361.6 million, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Wolverine Worldwide has missed Wall Street's revenue estimates five times over the last two years.

Looking at Wolverine Worldwide's peers in the consumer discretionary segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Steven Madden delivered year-on-year revenue growth of 19.1%, beating analysts' expectations by 5.2%, and Skechers reported revenues up 12.5%, topping estimates by 2.3%. Steven Madden's stock price was unchanged after the resultswhile Skechers was up 11.3%.

Read our full analysis of Steven Madden's results here and Skechers's results here.

Investors in the consumer discretionary segment have had fairly steady hands going into earnings, with share prices down 1.9% on average over the last month. Wolverine Worldwide is up 17.4% during the same time and is heading into earnings with an average analyst price target of $10.6 (compared to the current share price of $11.43).

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