Steven Madden, Ltd. (NASDAQ:SHOO) is trading up 33.99% versus 12-month low of 27.80 and stands -8.14% lower from its 1-year peak of $40.55. The consensus price target (PT) of $37.39 means that the market expects Company shares to increase by 5.2% in the short run. The sell-side target prices range from $32 to $42. In the last month the stock has moved in price -6.76%, with a one year change of 27.00%. The last trading session volume compares with the 520.83K average and market worth floats around 2.26B.
Steven Madden, Ltd. (NASDAQ:SHOO) gained 4.78% to reach at the trading price of $37.25 as it is set to release its next quarterly earnings report on February 28, 2017. Steven Madden, Ltd. stock trades in the range of $35.55 to $37.30 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0.48 a share with $348.49M in revenue.
Steven Madden, Ltd. (SHOO) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Steven Madden, Ltd. to earn $0.4 per share (EPS) on revenue of $342.82M. The EPS consensus range is $0.37-$0.44 on revenue between $355.18M and $337.52M.
While if we look at the Earnings Track Record, Steven Madden, Ltd. (SHOO) managed to surpass quarterly earnings per share estimates in 5 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 41%. Last time the company reported, Steven Madden, Ltd. (SHOO) generated $0.74 in earnings per share, beating the consensus estimate of $0.70. Revenues hit $408.38M in the September 2017 quarter, which was above the consensus $404.58M projection. On the other hand, in the June 2017 quarter the company recorded a net $325.4M revenue with earnings per share of $0.42. Wall Street had anticipated $330.12M and $0.42, respectively. For comparison, there was a revenue of $329.36M and EPS of $0.33 in the March 2016 period.
Steven Madden, Ltd. (NASDAQ:SHOO) Analyst Insights
The buoyancy in the outlook of Steven Madden, Ltd. (SHOO) is getting weaker by the somewhat negative sentiment (2.70 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Buy. Wells Fargo has been covering shares of SHOO, so it is most recent view is worth a look. In a research note issued on Jan 03, 2017, analysts at downgraded the stock to Hold from Buy. Another noteworthy analyst activity was recorded on Jul 18, 2016. Downgraded the stock to Neutral from Buy.