The 10-second takeaway
For the quarter ended March 31 (Q1), Steven Madden met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share increased.
Gross margins expanded, operating margins shrank, net margins grew.
Steven Madden booked revenue of $278.9 million. The 10 analysts polled by S&P Capital IQ expected to see revenue of $280.2 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.52. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.51 per share. GAAP EPS of $0.52 for Q1 were 4.0% higher than the prior-year quarter's $0.50 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%, 70 basis points better than the prior-year quarter. Operating margin was 13.1%, 30 basis points worse than the prior-year quarter. Net margin was 8.4%, 20 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $309.9 million. On the bottom line, the average EPS estimate is $0.67.
Next year's average estimate for revenue is $1.33 billion. The average EPS estimate is $3.00.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 212 members out of 235 rating the stock outperform, and 23 members rating it underperform. Among 67 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 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 $52.20.
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