Steven Madden Q3 Adj. EPS $0.88 Beats $0.86 Estimate, Sales $552.73M Beat $549.32M Estimate
Portfolio Pulse from Benzinga Newsdesk
Steven Madden (NASDAQ:SHOO) reported Q3 adjusted earnings of $0.88 per share, beating the analyst consensus estimate of $0.86 by 2.33%. This is an 11.39% increase from the same period last year. The company also reported quarterly sales of $552.73 million, beating the analyst consensus estimate of $549.32 million by 0.62%, but a 0.70% decrease from the same period last year.
November 08, 2023 | 12:05 pm
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POSITIVE IMPACT
Steven Madden's Q3 earnings and sales beat analyst estimates, which could positively impact the stock in the short term. However, the slight decrease in sales YoY might temper this impact.
Beating earnings and sales estimates generally leads to a positive reaction in the stock market. However, the slight decrease in sales compared to the same period last year might be a concern for some investors, potentially tempering the positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100