Steven Madden Ltd. Third Quarter Earnings Sneak Peek

Steven Madden, Ltd. (NASDAQ:SHOO) will unveil its latest earnings on Tuesday, November 1, 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 profit of 70 cents per share, a rise of 29.6% 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 68 cents. Between one and three months ago, the average estimate moved up. It has risen from 69 cents during the last month. Analysts are projecting profit to rise by 22.3% versus last year to $2.19.

Past Earnings Performance: Last quarter, the company beat estimates by 2 cents, coming in at net income of 55 cents a share versus the estimate of profit of 53 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 67.2% in revenue from the year-earlier quarter to $307.9 million.

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

A Look Back: In the second quarter, profit rose 20.1% to $23.8 million (55 cents a share) from $19.8 million (47 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 27.6% to $209.2 million from $163.9 million.

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 27%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 30.4% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose 16% in the first quarter and 30% in the fourth quarter of the last fiscal year.

Competitors to Watch: Brown Shoe Company, Inc. (NYSE:BWS), Skechers USA, Inc. (NYSE:SKX), Deckers Outdoor Corp. (NASDAQ:DECK), TOD’S SpA (NYSE:TOD), Crocs (NASDAQ:CROX), J.C. Penney (NYSE:JCP), Nordstrom (NYSE:JWN), Macy’s (NYSE:M), Saks (NYSE:SKS), Kenneth Cole Productions (NYSE:KCP), The Timberland Company (NYSE:TBL) and NIKE, Inc. (NYSE:NKE).

Stock Price Performance: During September 28, 2011 to October 26, 2011, the stock price had risen $3.64 (11.3%) from $32.11 to $35.75. 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 $7.94 (+28.6%) year to date.

(Source: Xignite Financials)

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