A 5% gain for Steve Madden (SHOO) is going to be enough for this company to make the Zacks #1 Rank Top Performers List on Wednesday.

The shoe retailer, which is on the lookout for acquisitions, has a pretty good record of performing in-line or above the Zacks Consensus Estimate when it comes to quarterly earnings. Profit expectations for both this year and next remain above levels from 2 months ago.

Volume today is around 320,000 shares, which is well above the daily average of nearly 199,000.

Steve Madden is 1 of 4 companies from the shoes & related apparel industry on today’s Zacks #1 Rank List. The other 3 names are Deckers Outdoor Corporation (DECK), Rocky Brands, Inc. (RCKY) and Skechers U.S.A., Inc. (SKX).

Earnings Estimates for Steve Madden

Earnings estimates on Steve Madden haven’t moved much in the past month, but remain above levels from 2 months.

The Zacks Consensus Estimate for this year is currently $2.65, or 25% better than the 2-month ago guidance of $2.12.

Meanwhile, the Zacks Consensus Estimate for next year is at $2.95, up 26.6% in 60 days. That outlook also suggests year-over-year profit growth of around 11.3%.

Third-Quarter Report

For 6 straight quarters, Steve Madden has either matched or surpassed the Zacks Consensus Estimate.

In its third-quarter report from Nov 3, Steve Madden reported earnings per share of 97 cents, which matched the Zacks Consensus Estimate. The result also improved upon the year-earlier performance of 62 cents.

Meanwhile, net sales advanced 9.4% to $140.1 million from $128.1 million year over year.

“Looking ahead, we are very enthusiastic about our recently announced business ventures including the launch of our newly licensed Steve Madden apparel line as well as our new license agreement with Olsenboye footwear and accessories,” said Steve Madden Chairman/CEO Edward Rosenfeld.

The company sees 2009 earnings per share between $2.55 and $2.65.

Zacks Investment Research

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