Steven Madden, Ltd. Second Quarter Earnings Sneak Peek

Steven Madden, Ltd. (NASDAQ:SHOO) will unveil its latest earnings on Tuesday, August 2, 2011. Steven Madden designs, sources, markets and retails women’s, men’s and children’s shoes, for sale through its wholesale and retail channels.

Steven Madden, Ltd. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 54 cents per share, a rise of 14.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 53 cents. For the year, analysts are projecting profit of $2.18 per share, a rise of 21.8% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 3 cents, reporting net income of 42 cents per share against a mean estimate of profit of 39 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $195 million in revenue this quarter, a rise of 22.9% from the year ago quarter. Analysts are forecasting total revenue of $889.6 million for the year, a rise of 40% from last year’s revenue of $635.4 million.

Analyst Ratings: Analysts are bullish on this stock with four analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 28.1%, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose 32.3% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 16% while it rose 30% in the fourth quarter of the last fiscal year and 28.5% in the third quarter of the last fiscal year.

The company’s gross margin shrank by 4.7 percentage points in the in the first quarter. Revenue rose 23.6% while cost of sales rose 34.8% to $96.6 million from a year earlier.

Competitors to Watch: Brown Shoe Company, Inc. (NYSE:BWS), Skechers USA, Inc. (NYSE:SKX), Deckers Outdoor Corp. (NASDAQ:DECK), TOD’S SpA (NYSE:TOD), Kenneth Cole Productions (NYSE:KCP), Pacific Bepure Industry Inc. (PBEP), NIKE, Inc. (NYSE:NKE).

Stock Price Performance: During May 2, 2011 to July 27, 2011, the stock price had risen $2.96 (8.4%) from $35.09 to $38.05. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 29, 2011 when shares rose for nine-straight days, rising 9.3% (+$3) over that span. It saw one of its worst periods between March 10, 2011 and March 18, 2011 when shares fell for seven-straight days, falling 7.8% (-$2.39) over that span. Shares are up $10.24 (+36.8%) year to date.

(Source: Xignite Financials)

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