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

Steven Madden

01/05/2024 14:53

* Steven Madden Ltd  SHOO.OQ  reported quarterly adjusted
earnings
of 65 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of 50 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 56 cents per share. Wall Street
expected results to range from 50 cents to 62 cents per share.
    * Revenue rose 19.2% to $550.57 million from a year ago;
analysts
expected $526.16 million. 
    * Steven Madden Ltd's reported EPS for the quarter was 60
cents​.
    * The company reported quarterly net income of $43.93
million.
    * Steven Madden Ltd shares had fallen by 4.4% this
quarter and
lost 3.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.7%
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 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 May 1 at 01:53
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
 Mar. 31 2024      0.56           0.65           Beat
 Dec. 31 2023      0.57           0.61           Beat
 Sep. 30 2023      0.86           0.88           Beat
 Jun. 30 2023      0.46           0.47           Beat