Is Steven Madden Ltd. [SHOO] on the road to rising earnings?

Earnings from Steven Madden Ltd. [SHOO] are scheduled on April 28, 2021, before the market opens. It is expected that the company will report strong earnings for the quarter ending Mar 2021.

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SHOO Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn $0.17 per share on revenue of $335.28M. Taking a look at the future, the company is projected to report revenue of $391.99M at an earnings per share of $0.34 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 8.90% in revenue and 29.14% in earnings per share for the company.

SHOO Stock Earnings Forecast For The Current Year

For the full financial year, Steven Madden Ltd. [NASDAQ:SHOO] is forecasted to generate revenue of $1.62B. The figure is about $430.0 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $1.55 in 2021, which is $0.91 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 142.20% this year, 29.00% next year, and 10.00% annually over the next five years. With regard to sales, forecasts suggest an incline of 36.50% in current fiscal year and 8.90% over following year.

SHOO Stock Price Performance

At the close of Tuesday’s session, Steven Madden Ltd. [NASDAQ:SHOO] finished up 3.61% at $42.49. The stock’s highest single-day price was $42.625, and its lowest was $41.04. Its price rose 10.51% in the last five days. Since the beginning of the year, Steven Madden Ltd.’s shares are up nearly 20.30%. However, the share price is 1.17% below its one year high. The top price reached by the shares of the company was $42.63 on 04/27/21, while the 52-week low came on 01/28/21, when the shares were $32.31. In the past year, shares of the company have risen 82.83%. At 50 days, the moving average achieved is $37.93 while at 200 days, the moving average is $29.80. There were 0.86 million shares traded in the last session, up from 0.57 million in the previous session.

Steven Madden Ltd. [NASDAQ:SHOO] Stock Valuation Metrics

Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 2.85 PS value ratio is reported for the last one year of reported earnings. This is above the average return 0.89 for the industry, which means SHOO offers an unattractive investment opportunity than its competitors do.

SHOO Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 42.49 level, and the violation of this level will cause a further drop to 41.48 level. At the upper end, 44.65 remains a key resistance. As the stock increases, it may find resistance at 43.64. In the 14-day chart, the Relative Strength Index standing at 68.95 suggests a technical neutral stance while the MACD standing at 2.32 indicates price will increase in the next trading period. Stochastic %K at 91.42% suggests selling the stock while Percent R indicator at 2.53% suggests bullish price movement.

How much is the short interest in Steven Madden Ltd.?

There have been a drop in short interest in the Steven Madden Ltd. Financial stock, with short interest down by -0.15 million shares to 2.09 million shares on Mar 14, 2021. According to data provided by Yahoo Finance, the short interest on Apr 14, 2021 stood at 1.94 million shares. This 7.18% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 2.95% of the overall float in the stock, while the stock’s days to cover moved to 3.09.

How do analysts view Steven Madden Ltd.?

In regard to the share price forecast for Steven Madden Ltd. stock, the analysts, as surveyed by FactSet, forecast the price to reach $39.50 in the next twelve months, representing almost an -7.57% growth from its recent price of $42.49. Among Steven Madden Ltd. stock projections, $44.00 is the highest analyst target for the stock, while $36.00 is the lowest. Despite this, 10 analysts who share their consensus rating for SHOO in 2021 agree that the stock is a Hold. The latest rating change took place on 12/07/20, when KeyBanc Ratings launched coverage of the stock at “Overweight” and assigned a price target of $39.0.


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