Steven Madden Ltd (NASDAQ: SHOO) has reported earnings for its fourth fiscal quarter (ending December 31) of $0.50 versus $0.43 for the same period a year ago — an increase of 16%. Relative to the consensus estimate of $0.57, this was a shortfall of $-0.07. For the latest four quarters through December 31, E.P.S. were $2.34 compared to $2.84 a year ago — a decline of -18%.
Recent Price Action
Steven Madden Ltd (NASDAQ: SHOO) stock closed at $43.27 on 2/28/24 after a slight decline of -0.8%. Moreover, trading volume in this decline was exceptionally high at 207% of normal. The stock has declined -0.7% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, SHOO is expected to continue to be a major Value Builder.
Steven Madden has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Steven Madden has a poor Appreciation Score of 26 but a very high Power Rating of 85, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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