Telsey Advisory Group Boosts Q3 2023 Earnings Estimate for Steven Madden, Ltd
August 9, 2023
☀️Trending News
Telsey Advisory Group has recently raised their Q3 2023 earnings estimates for Steven Madden ($NASDAQ:SHOO), Ltd. shares. With the Telsey Advisory Group’s increased estimate for the upcoming quarter, investors are likely to be optimistic about the future of Steven Madden, Ltd. The Telsey Advisory Group’s revised earnings estimates are based on the company’s promising performance over the past several months, as well as its continued commitment to innovation and growth.
Steven Madden, Ltd. has established itself as an industry leader for quality products and customer service, and has continued to make strides in expanding its footprint in the global market. With the upgraded earnings estimates, investors can look forward to a strong third quarter for the company as it continues to drive growth and achieve its strategic goals.
Earnings
In STEVEN MADDEN‘s latest earning report for the fiscal year 2023 second quarter ending June 30 2021, the company earned 397.89M USD in total revenue and 36.85M USD in net income. This represents a 25.6% decrease in total revenue and a 24.0% decrease in net income compared to the same period in the previous year. Its impressive growth shows potential for future success and stability in the market.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Steven Madden. More…
| Total Revenues | Net Income | Net Margin |
| 1.94k | 164.35 | 8.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Steven Madden. More…
| Operations | Investing | Financing |
| 309.85 | -10.83 | -191.74 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Steven Madden. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.27k | 428.53 | 10.85 |
Key Ratios Snapshot
Some of the financial key ratios for Steven Madden are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.8% | 64.4% | 10.8% |
| FCF Margin | ROE | ROA |
| 15.0% | 15.9% | 10.3% |
Market Price
This news caused the stock to open at $36.4, but it closed the day at $35.3, down 2.3% from the previous closing price of 36.2. While the slight decline has caused some concern among investors, analysts remain optimistic that this is merely a blip in an otherwise positive outlook for the company. Live Quote…
Analysis
At GoodWhale, we have conducted a detailed analysis of STEVEN MADDEN‘s financials. Our Risk Rating on STEVEN MADDEN has revealed that the company is considered a medium risk investment when looking at its financial and business aspects. Our team has detected 1 risk warning in its balance sheet which we invite you to learn more about simply by registering with us. Our analysis has revealed some potential red flags that could be indicative of future risks and should be monitored. We believe this information could be key to making an informed decision about investing in STEVEN MADDEN. More…
Peers
The competition in the footwear industry is fierce with many companies vying for market share. Steven Madden Ltd, a leading designer and marketer of fashion footwear for women, faces stiff competition from the likes of Puma SE, Deckers Outdoor Corp, and Tod’s SpA. While each company has its own unique marketing strategy, they all share one common goal: to be the top dog in the footwear industry.
– Puma SE ($OTCPK:PUMSY)
Puma SE is a German multinational corporation that designs and manufactures athletic and casual footwear, apparel, and accessories. As of 2022, Puma SE has a market cap of 6.97B and a Return on Equity of 17.11%. Founded in 1948, Puma SE is the third largest sportswear manufacturer in the world. The company’s products are sold in over 120 countries worldwide.
– Deckers Outdoor Corp ($NYSE:DECK)
Deckers Outdoor Corporation is an American footwear company based in Goleta, California. The company was founded in 1973 by Douglas Tompkins and owns several brands including UGG, Teva, and Sanuk. As of 2022, the company had a market capitalization of $9.2 billion and a return on equity of 23.76%. The company’s products are sold in over 170 countries and its brands are some of the most recognizable in the world.
– Tod’s SpA ($OTCPK:TODGF)
Tod’s SpA is an Italian luxury goods company specializing in leather shoes, handbags, luggage, and other accessories. The company was founded in 1920 by Filippo della Valle and is headquartered in Rome, Italy. As of 2022, Tod’s SpA had a market capitalization of 1.03 billion euros and a return on equity of 2.64%.
Summary
Steven Madden, Ltd. has been the subject of increased interest from equities researchers recently. Telsey Advisory Group has raised their Q3 2023 earnings estimates for the company’s shares, indicating a positive outlook for the company’s future performance. Analysts are expecting the company to benefit from the expansion of its product portfolio and improved marketing, as well as other initiatives to increase sales. Investors should watch the company’s upcoming financial reports and announcements carefully to gain further insight into its performance and potential growth.
Going forward, investors should also monitor Steven Madden’s competitive landscape, which could impact its market share. With careful research, investors can make an informed decision on this stock and its long-term investment potential.
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