The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Steven Madden met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased significantly.
Margins expanded across the board.
Steven Madden logged revenue of $356.9 million. The eight analysts polled by S&P Capital IQ foresaw sales of $353.6 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $313.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.94. The eight earnings estimates compiled by S&P Capital IQ predicted $0.89 per share. GAAP EPS of $0.86 for Q3 were 16% higher than the prior-year quarter's $0.74 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 36.8%, 190 basis points better than the prior-year quarter. Operating margin was 17.2%, 110 basis points better than the prior-year quarter. Net margin was 10.6%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $315.1 million. On the bottom line, the average EPS estimate is $0.71.
Next year's average estimate for revenue is $1.22 billion. The average EPS estimate is $2.71.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 212 members out of 234 rating the stock outperform, and 22 members rating it underperform. Among 67 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 58 give Steven Madden a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Steven Madden is buy, with an average price target of $49.33.
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