Steve Madden Sees 2024 EPS $2.55-$2.65 vs $2.69 Est., Revenue Growth 11-13%
Portfolio Pulse from Benzinga Newsdesk
Steve Madden forecasts its 2024 earnings per share (EPS) to be in the range of $2.55 to $2.65, which is below the estimated $2.69. The company also expects revenue growth to be between 11% to 13%.
February 28, 2024 | 12:01 pm
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Steve Madden forecasts a 2024 EPS range of $2.55 to $2.65, under the estimated $2.69, and anticipates 11-13% revenue growth.
Steve Madden's projected EPS for 2024 is below the market estimate, which could lead to negative investor sentiment and potentially lower stock prices in the short term. The anticipated revenue growth, while positive, may not fully offset concerns over the lower EPS forecast.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100