Steven Madden Ltd reports results for the quarter ended in December - Earnings Summary

Steven Madden

28/02/2024 17:07

* Steven Madden Ltd  SHOO.OQ  reported quarterly adjusted
earnings
of 61 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 42 cents.  The mean expectation of ten analysts
for the quarter was for earnings of 57 cents per share. Wall
Street expected results to range from 55 cents to 60 cents per
share.
    * Revenue rose 11% to $519.71 million from a year ago;
analysts
expected $511.97 million. 
    * Steven Madden Ltd's reported EPS for the quarter was 49
cents​.
    * The company reported quarterly net income of $35.88
million.
    * Steven Madden Ltd shares had risen by 3.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.2%
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 2 "strong buy" or "buy," 8
"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 Steven Madden Ltd
is $41.50 
This summary was machine generated from LSEG data February 28 at
05:06 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.57           0.61           Beat
 Sep. 30 2023      0.86           0.88           Beat
 Jun. 30 2023      0.46           0.47           Beat
 Mar. 31 2023      0.48           0.50           Beat