Rocky Brands Inc reports results for the quarter ended in September - Earnings Summary

Rocky Brands

02/11/2023 02:27

* Rocky Brands Inc  RCKY.OQ  reported quarterly adjusted
earnings
of $1.09​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 74 cents.  The mean expectation of three analysts for the
quarter was for earnings of 56 cents per share. Wall Street
expected results to range from 31 cents to 93 cents per share.
    * Revenue fell 12.7% to $125.61 million from a year ago;
analysts
expected $117.08 million. 
    * Rocky Brands Inc's reported EPS for the quarter was 93
cents​.
    * Rocky Brands Inc shares had fallen by 16.5% this
quarter and
lost 48.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the footwear peer
group
is also "hold"

Wall Street's median 12-month price target for Rocky Brands Inc
is $20.50 
This summary was machine generated from LSEG data November 2 at
02:27 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.56           1.09           Beat
 Jun. 30 2023      -0.18          0.00           Beat
 Mar. 31 2023      0.05           -0.12          Missed
 Dec. 31 2022      0.63           1.08           Beat