Steven Madden, Ltd. (NASDAQ:SHOO) is set to announce third quarter earning results on Tuesday 27th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, SHOO to report 3Q20 income of $ 0.21 per share.
For the full year, analysts anticipate top line of $ 1157.81 million, while looking forward to income of $ 0.37 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,768.00 million ~ $ 1,786.00 million, where as bottomline are predicted in a range of $ 1.70 ~ $ 1.80 per share
Click Here For More Historical Outlooks Of Steven Madden, Ltd.
Previous Quarter Performance
Steven Madden, Ltd. recorded loss for the second quarter of $ 0.19 per share, from the revenue of $ 141.36 million. The quarterly revenues fell 66.37 percent compared with the same quarter last year. Street analysts expected Steven Madden, Ltd. to report loss of $ 0.27 per share on revenue of $ 183.49 million for the second quarter. The bottom line results beat street analysts by $ 0.08 or 29.63 percent, at the same time, top line results fell short of analysts by $ 42.13 million or 22.96 percent.
Stock Performance
Shares of Steven Madden, Ltd. traded low $ -0.77 or -3.28 percent on Friday, reaching $ 22.68 with volume of 860.80 thousand shares. Steven Madden, Ltd. has traded high as $ 23.76 and has cracked $ 22.55 on the downward trend
According to the previous trading day, closing price of $ 22.68, representing a 43.16 % increase from the 52 week low of $ 16.38 and a 47.66 % decrease over the 52 week high of $ 44.80.
The company has a market capital of $ 1.89 billion and is part of the Consumer Cyclical sector and Footwear & Accessories industry.
Recent Analyst recommendations
- On 12th October 2020, upgraded by Susquehanna Bancshares to Positive from Neutral rating, with $ 25.00 target price.
Conference Call
Steven Madden, Ltd. will be hosting a conference call at 8:30 AM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.stevemadden.com
Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward name brand and private label footwear for women, men, and children worldwide. Its Wholesale Footwear segment provides footwear under the Steve Madden Womens, Madden Girl, Steve Madden Mens, Madden, Madden NYC, Report, Dolce Vita, DV by Dolce Vita, Mad Love, Steven by Steve Madden, Superga, Betsey Johnson, Betseyville, Steve Madden Kids, Stevies, Brian Atwood, Blondo, Kate Spade, and Anne Klein brands, as well as private label footwear.
