Rocky Brands (RCKY) closed at $54.47 in the latest trading session, marking a +1.47% move from the prior day. This change outpaced the S&P 500’s 0.2% loss on the day.
Coming into today, shares of the footwear company had lost 5.63% in the past month. In that same time, the Consumer Discretionary sector gained 1.59%, while the S&P 500 gained 2.11%.
RCKY will be looking to display strength as it nears its next earnings release. On that day, RCKY is projected to report earnings of $0.83 per share, which would represent year-over-year growth of 88.64%. Meanwhile, our latest consensus estimate is calling for revenue of $100.25 million, up 78.41% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.70 per share and revenue of $411.14 million, which would represent changes of +64.34% and +48.26%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for RCKY. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.
