Will Steven Madden (SHOO) Gain on Rising Earnings Estimates?

Core Viewpoint - Investors are encouraged to consider Steven Madden (SHOO) due to improving earnings estimates and positive stock momentum [1][8] Estimate Revisions - The upward trend in earnings estimate revisions indicates growing analyst optimism regarding Steven Madden's earnings prospects, which is expected to positively impact its stock price [2] - The Zacks Rank system, which correlates earnings estimate revisions with stock price movements, supports this positive outlook [2][3] Current Quarter and Year Estimates - For the current quarter, Steven Madden is expected to earn $0.27 per share, reflecting a 50.9% decrease from the previous year, but the Zacks Consensus Estimate has increased by 83.16% due to one upward revision [5] - For the full year, the expected earnings are $1.60 per share, a 40.1% decline from the prior year, with two upward revisions contributing to a positive trend in consensus estimates [6] Zacks Rank - Steven Madden has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, indicating strong potential for outperformance compared to the S&P 500 [7] - Stocks with Zacks Rank 1 and 2 are shown to significantly outperform the S&P 500 [7] Stock Performance - The stock has gained 12.9% over the past four weeks, reflecting investor confidence in its earnings growth prospects [8]