Steven Madden Ltd expected to post earnings of 57 cents a share - Earnings Preview

Steven Madden

26/02/2024 16:17

* Steven Madden Ltd  SHOO.OQ   SHOO.O  is expected to show a
rise
in quarterly revenue when it reports  results on February 28 for
the period ending December 31 2023
    * The Long Island City New York-based  company is expected
to
report a 9.4% increase in revenue to $511.968 million from
$468.15 million a year ago, according to the mean estimate from
10 analysts, based on LSEG data. (Revenue is on Net Sales
basis(excluding Commission & Licencing Fee Revenue))
    * ​LSEG's mean analyst estimate for Steven Madden Ltd is for
earnings of 57 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Steven
Madden Ltd
is $41.50​, below​ its last closing price of $44.40. ​​​

The company's guidance on November 8 2023 for the period ended
December 31 was for gross profit margin of USD42%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.87        0.86       0.88      Beat    2.4
 Jun. 30 2023  0.46        0.46       0.47      Beat    2.3
 Mar. 31 2023  0.48        0.48       0.50      Beat    3.3​
 Dec. 31 2022  0.44        0.45       0.42      Missed  -5.8
 ​​Sep.        0.78        0.78       0.79      Beat    1.2
 30 2022                                                
 Jun. 30 2022  0.60        0.60       0.63      Beat    5​
 Mar. 31 2022  0.52        0.51       0.92      Beat    80.7
 Dec. 31 2021  0.72        0.72       0.81      Beat    12.1
 This summary was machine generated February 26 at 16:17 GMT. 
All figures in US dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)