Steven Madden Ltd. Earnings: Here’s Why Shares are Up Now

Steven Madden, Ltd. (NASDAQ:SHOO) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.21%.

Steven Madden, Ltd. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 6.56% to $0.65 in the quarter versus EPS of $0.61 in the year-earlier quarter.

Revenue: Rose 3.09% to $297.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Steven Madden, Ltd. reported adjusted EPS income of $0.65 per share. By that measure, the company beat the mean analyst estimate of $0.64. It missed the average revenue estimate of $307.19 million.

Key Stats (on next page)…

Revenue increased 6.7% from $278.92 million in the previous quarter. EPS increased 25% from $0.52 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.01 to a profit $1.02. For the current year, the average estimate has moved up from a profit of $3.00 to a profit of $3.01 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)