Steven Madden Ltd (NASDAQ: SHOO) has reported earnings for its first fiscal quarter (ending March 31) of $0.61 versus $0.49 for the same period a year ago — an increase of 24%. However, this result fell short of the consensus estimate of $0.63 by $-0.03. For the latest four quarters through March 31, E.P.S. were $2.46 versus $2.36 for the same period a year ago — an increase of 4%.
Recent Price Action
Steven Madden Ltd (NASDAQ: SHOO) stock closed at $39.42 on 5/1/24 after a decline of -2.4%. Moreover, this decline was accompanied by unusually high trading volume at 150% of normal. The stock has declined -2.5% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
SHOO’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Steven Madden has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Steven Madden has a poor Appreciation Score of 17 but a good Power Rating of 79, triggering the Low Neutral Value Trend Rating.
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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