Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
No matching data
Latest Views
Latest Views
Trending Topics
To quickly learn market dynamics and follow market focuses in 15 min.
In the world of mankind, there will not be a statement without any position, nor a remark without any purpose.
Inflation, exchange rates, and the economy shape the policy decisions of central banks; the attitudes and words of central bank officials also influence the actions of market traders.
Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.
Top Columnists
Enjoy exciting activities, right here at FastBull.
The latest breaking news and the global financial events.
I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.
BeingTrader chief Trading Coach & Speaker, 8+ years of experience in the forex market trading mainly XAUUSD, EUR/USD, GBP/USD, USD/JPY, and Crude Oil. A confident trader and analyst who aims to explore various opportunities and guide investors in the market. As an analyst I am looking to enhance the trader’s experience by supporting them with sufficient data and signals.
Latest Update
Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
View All
No data
Not Logged In
Log in to access more features
FastBull Membership
Not yet
Purchase
Log In
Sign Up
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
A month has gone by since the last earnings report for Steven Madden . Shares have added about 2.4% in that time frame, underperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Steven Madden due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
Steven Madden Q2 Earnings & Revenues Beat Estimates
Steven Madden reported better-than-expected results in second-quarter 2024, with the top and bottom lines surpassing the Zacks Consensus Estimate. Also, revenues and earnings increased year over year.
Q2 Highlights
Steven Madden posted adjusted quarterly earnings of 57 cents a share, which beat the Zacks Consensus Estimate of 51 cents. The same increased 21.3% from 47 cents in the prior-year period.
Total revenues rose 17.6% year over year to $523.6 million. Net revenues of $521.7 million went up 17.8%, and commission and licensing fee income of $1.8 million decreased 25.2% from the year-ago period. The top line beat the consensus estimate of $507 million.
Adjusted gross profit rose 14.4% year over year to $217.3 million. We note that the adjusted gross margin contracted 110 basis points (bps) to 41.5%.
Gross profit, as a percentage of wholesale revenues, decreased 50 bps year over year to 33.1% due to the effects of Almost Famous. However, gross profit, as a percentage of direct-to-consumer revenues, increased 60 bps to 64.3% due to reduced promotional activity.
This company’s adjusted operating expenses increased 12% year over year to $162.8 million. However, as a percentage of revenues, adjusted operating expenses declined 150 bps year over year to 31.1%.
Steven Madden reported an adjusted operating income of $54.5 million, up 22.4% from the same quarter a year ago. The adjusted operating margin increased 40 bps to 10.4%.
Segmental Performance
Revenues for the Wholesale business improved 22.5% year over year to $385.3 million. We note that Wholesale footwear revenues increased 0.9% year over year, whereas Wholesale accessories/apparel revenues grew 86%. Excluding the recent acquisition of Almost Famous, wholesale revenues rose 8.2% year over year, and wholesale accessories and apparel revenues grew 29.8%.
DTC revenues increased 6.4% year over year to $136.4 million in the second quarter.
SHOO ended the second quarter with 273 brick-and-mortar retail outlets, five e-commerce websites and 27 company-operated concessions across the international markets.
Other Financial Aspects
Steven Madden ended the second quarter with cash and cash equivalents of $180.5 million, short-term investments of $11.8 million, and stockholders’ equity of $808.3 million, excluding non-controlling interest of $24.1 million.
In the reported quarter, SHOO repurchased $38.2 million of its common stock, including shares acquired via the net settlement of employees’ stock awards. Moreover, management approved a quarterly cash dividend of 21 cents per share, payable Sep 23, 2024, to stockholders of record as of Sep 13.
Outlook
For 2024, the company anticipates an 11-13% increase in revenues from that reported in 2023, with adjusted earnings of $2.55-$2.65 per share. Notably, the company reported earnings of $2.30 per share in 2023.
How Have Estimates Been Moving Since Then?
It turns out, fresh estimates have trended downward during the past month.
VGM Scores
At this time, Steven Madden has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Steven Madden has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Performance of an Industry Player
Steven Madden is part of the Zacks Shoes and Retail Apparel industry. Over the past month, Carter's , a stock from the same industry, has gained 13%. The company reported its results for the quarter ended June 2024 more than a month ago.
Carter's reported revenues of $564.43 million in the last reported quarter, representing a year-over-year change of -6%. EPS of $0.76 for the same period compares with $0.64 a year ago.
For the current quarter, Carter's is expected to post earnings of $1.28 per share, indicating a change of -30.4% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.7% over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #5 (Strong Sell) for Carter's. Also, the stock has a VGM Score of A.
Zacks Investment Research
White Label
Data API
Web Plug-ins
Poster Maker
Affiliate Program
The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.
Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.