Steven Madden Likely to Post Q3 Earnings Beat, Raise Full-Year Guidance, UBS Securities Says

12:48 PM EST, 11/02/2026 (MT Newswires) -- Steven Madden (SHOO) is likely to report a Q3 earnings beat and raise its full-year guidance, with the market seemingly expecting the same outcome, leaving a balanced upside/downside skew around the event, UBS Securities said in a note Friday. The investment firm said strong topline momentum from the Steve Madden and Kurt Geiger brands should drive a $0.09 EPS beat for Q3. The company is set to release its Q3 financial results on Thursday. Management is also expected to raise its 2026 EPS guidance to a range of $2.10 to $2.20 from previous outlook of $2.05 to $2.15, with the bar for sales growth guidance set for a range of 12% to 14% from current outlook of 11% to 13%, according to the note. UBS Evidence Lab data showed visits to Steve Madden's global websites rose 42% year over year in the quarter, with US DTC sales growth in the mid-teens percentage, the firm said. However, monthly web traffic growth slowed to 8% in August and 4% in September from 39% in July, the firm said. Investor sentiment is mixed, with bulls focused on strong footwear fashion trends, tariff recapture and Kurt Geiger accretion in H2, while bears are concerned about slower sales trends in September and October, the note said. UBS Securities has a neutral rating and $45 price target on the stock. Steven Madden shares were up 2.7% in Monday trading. Price: 44.68, Change: +1.18, Percent Change: +2.71