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

Steven Madden

31/07/2024 15:22

* Steven Madden Ltd  SHOO.OQ  reported quarterly adjusted
earnings
of 57 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of 47 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 53 cents per share. Wall Street
expected results to range from 45 cents to 61 cents per share.
    * Revenue rose 17.8% to $521.71 million from a year ago;
analysts
expected $515.41 million. 
    * Steven Madden Ltd's reported EPS for the quarter was 49
cents​.
    * The company reported quarterly net income of $35.38
million.
    * Steven Madden Ltd shares had risen by 5.1% this
quarter and
gained 5.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 7
"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 $44.00 
This summary was machine generated from LSEG data July 31 at
02:22 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
 Jun. 30 2024      0.53           0.57           Beat
 Mar. 31 2024      0.56           0.65           Beat
 Dec. 31 2023      0.57           0.61           Beat
 Sep. 30 2023      0.86           0.88           Beat