The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Steven Madden met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased. Non-GAAP earnings per share grew significantly. GAAP earnings per share grew significantly.
Margins grew across the board.
Steven Madden reported revenue of $315.5 million. The 10 analysts polled by S&P Capital IQ expected a top line of $315.0 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $279.8 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 $0.72. The 11 earnings estimates compiled by S&P Capital IQ forecast $0.71 per share. Non-GAAP EPS of $0.72 for Q4 were 31% higher than the prior-year quarter's $0.55 per share. GAAP EPS of $0.74 for Q4 were 35% higher than the prior-year quarter's $0.55 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 39.3%, 380 basis points better than the prior-year quarter. Operating margin was 15.4%, 160 basis points better than the prior-year quarter. Net margin was 10.4%, 190 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $292.5 million. On the bottom line, the average EPS estimate is $0.57.
Next year's average estimate for revenue is $1.36 billion. The average EPS estimate is $3.07.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 211 members out of 234 rating the stock outperform, and 23 members rating it underperform. Among 68 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 60 give Steven Madden a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Steven Madden is outperform, with an average price target of $50.90.
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