Steven Madden, Ltd. (NASDAQ: SHOO) Expected To Announce $0.24 Earnings For This Fiscal Quarter


According to Zacks Investment Research, Steven Madden (NASDAQ: SHOO) is expected to announce $0.24 EPS (earnings per share) for this fiscal quarter.

NASDAQ: SHOO will reportedly announce its report on the quarterly earnings on Tuesday, 3rd November. Till now, seven expert analysts have submitted the earnings of Steven Madden for this fiscal quarter. The lowest estimate stands at $0.15 EPS and the highest is estimated at $0.34 EPS.

Compared to last year, the earnings of this year show considerable change. Last year NASDAQ: SHOO posted its quarterly earnings for this same quarter as $0.67. This suggests that the firm had a negative year-over-year rate of growth.

Zacks Makes Estimate Analysis Of NASDAQ: SHOO Earnings

Zacks Investment Research suggests that NASDAQ: SHOO’s whole year’s earnings will stand at $0.39 per share for this ongoing financial year.  The EPS will approximately range from $0.33 to $0.49. For the upcoming financial year, according to Zacks, expert analysts suggest that the firm’s estimated earnings will stand at $1.46 per share along with the estimated EPS varying from $1.21 to $1.64. Zacks has provided this data after doing a survey on analysts that provide expert coverage for NASDAQ: SHOO. The calculations are based on a mean average from the analysts’ reports.

The quarterly earnings for the previous fiscal quarter was released by the company on the 29th of July. The earnings stood at $0.19 EPS for that quarter as opposed to the general consensus on the estimated earnings at $0.27. The company’s return on equity also stood at 10.70% along with the net margin of 2.56%. The expected income for the firm was marked at $181.48 million but it made $142.80 for that quarter. During the same time previous year, the firm’s EPS was $0.47. This was 67.9% down based on a year-over-year calculation.

Steven Madden On “Hold” Rating Consensus

NASDAQ; SHOO has recently been the subject of a lot of reports by research analysts. Some such as Wedbush, BidaskClub, B. Riley and so on have posted reports on this firm over the last few months.

Wedbush dropped its price objective on the firm to $23.00 from $24.00 on July 30, setting a “neutral” rating on NASDAQ: SHOO. B. Riley revised its price objective on the same day from $34.00 to $29.00. Others like BidaskClub changed the firm from “sell” to “hold” rating on October 3. The target price of NASDAQ: SHOO was lowered by Piper Sandler to $22.00 from $25.00 recently. 

Thus, the recent consensus regarding Steven Madden stands at the “hold” rating and the consensus on the target price stands at $23.20. Several hedge funds have also been involved in buying and selling of NASDAQ: SHOO shares recently.