Steven Madden Expects FY23 Adjusted Diluted EPS Of $2.40 Vs. 2.45 Estimate (Prior View: $2.40-$2.50); Expects FY23 Revenue to Fall By 7% YoY
Portfolio Pulse from Benzinga Newsdesk
Steven Madden has revised its FY23 adjusted diluted EPS forecast to $2.40, down from the previous estimate of $2.45. The company also expects its FY23 revenue to decrease by 7% YoY.
November 08, 2023 | 12:08 pm
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Steven Madden has lowered its FY23 adjusted diluted EPS forecast, and expects a 7% YoY decrease in FY23 revenue. This could potentially impact the company's stock price.
The company's lowered earnings forecast and expected decrease in revenue indicate potential financial difficulties, which could negatively impact investor sentiment and drive the stock price down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100