Steven Madden Q2 EPS $0.47 Misses $0.48 Estimate, Sales $445.30M Miss $454.24M Estimate
Portfolio Pulse from Benzinga Newsdesk
Steven Madden reported Q2 earnings of $0.47 per share, missing the analyst consensus estimate of $0.48 by 2.08%. The company's quarterly sales were $445.30 million, missing the estimate of $454.24 million by 1.97%. This represents a 25.4% decrease in earnings and a 16.76% decrease in sales compared to the same period last year.
August 04, 2023 | 10:55 am
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NEGATIVE IMPACT
Steven Madden's Q2 earnings and sales missed estimates, indicating a potential negative impact on the company's stock price in the short term.
Steven Madden's Q2 earnings and sales missed analyst estimates, which could lead to a decrease in investor confidence and a potential drop in the company's stock price. The significant YoY decreases in both earnings and sales further contribute to this potential negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100