Steven Madden, Ltd. (NASDAQ:SHOO) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Steven Madden, Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 4% to $0.52 in the quarter versus EPS of $0.50 in the year-earlier quarter.
Revenue: Rose 4.86% to $278.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Steven Madden, Ltd. reported adjusted EPS income of $0.52 per share. By that measure, the company missed the mean analyst estimate of $0.52. It missed the average revenue estimate of $280.9 million.
Quoting Management: Edward Rosenfeld, Chairman and Chief Executive Officer, commented, “We delivered solid sales and earnings results in the first quarter despite challenging weather conditions and retail traffic trends. These results are attributable to continued momentum in our accessories business, growth in our retail segment driven by both new stores and moderate comparable store sales growth, as well as expansion of our international business. Steve and his design team continue to deliver outstanding, on-trend product assortments that are enabling us to outperform the competition, and so despite the challenging environment, we are confident we can continue to advance on our growth objectives.”
Key Stats (on next page)…
Revenue decreased 11.61% from $315.53 million in the previous quarter. EPS decreased 28.77% from $0.73 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.71 to a profit $0.67. For the current year, the average estimate has moved down from a profit of $3.07 to a profit of $3 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)