Steven Madden Ltd reports results for the quarter ended in September 30 - Earnings Summary

Steven Madden

07/11/2024 14:34

* Steven Madden Ltd  SHOO.OQ  reported quarterly adjusted
earnings
of 91 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of 88 cents.  The mean expectation of nine analysts
for the quarter was for earnings of 89 cents per share. Wall
Street expected results to range from 84 cents to 93 cents per
share.
    * Revenue rose 13% to $624.68 million from a year ago;
analysts
expected $607.86 million. 
    * Steven Madden Ltd's reported EPS for the quarter was 77
cents​.
    * The company reported quarterly net income of $55.28
million.
    * Steven Madden Ltd shares had fallen by 9.7% this
quarter and
gained 5.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
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 46.00 
This summary was machine generated from LSEG data November 7 at
02:34 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      0.89           0.91           Beat
 Jun. 30 2024      0.53           0.57           Beat
 Mar. 31 2024      0.56           0.65           Beat
 Dec. 31 2023      0.57           0.61           Beat