Steven Madden (SHOO) Beats Q2 Earnings and Revenue Estimates

Company Performance - Steven Madden reported quarterly earnings of $0.57 per share, exceeding the Zacks Consensus Estimate of$0.51 per share, and up from $0.47 per share a year ago [3] - The company has surpassed consensus EPS estimates in all of the last four quarters [4] - The latest quarterly report showed an earnings surprise of 11.76$523.55 million, surpassing the Zacks Consensus Estimate by 3.30%, compared to $442.84 million in the same quarter last year [15] - The upcoming quarterly earnings are expected to be$1.21 per share, reflecting a year-over-year change of +23.5% [7] - The current consensus EPS estimate for the next quarter is $0.92 on revenues of$608.14 million, and for the current fiscal year, it is $2.62 on revenues of$2.22 billion [11] Industry Context - The Shoes and Retail Apparel industry, where Steven Madden operates, is currently ranked in the top 41% of over 250 Zacks industries, indicating a favorable outlook [6] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [13]