Movado Group Inc reports results for the quarter ended in April - Earnings Summary

Movado

30/05/2024 14:31

* Movado Group Inc  MOV.N  reported quarterly adjusted
earnings of
13 cents​​ per share for the quarter ended in April, lower than
the same quarter last year, when the company reported EPS of 43
cents.  The lone analyst forecast for the quarter was
for earnings of 12 cents per share. 
    * Revenue fell 5.7% to $136.67 million from a year ago;
analysts
expected $145.20 million. 
    * Movado Group Inc's reported EPS for the quarter was 13
cents​.
    * The company reported quarterly net income of $2.89
million.
    * Movado Group Inc shares had fallen by 4.2% this
quarter and
lost 11.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 57.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the apparel &
accessories peer group is also "buy"

Wall Street's median 12-month price target for Movado Group Inc
is $41.00 
This summary was machine generated from LSEG data May 30 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2024      0.12           0.13           Beat
 Jan. 31 2024      0.39           0.55           Beat
 Oct. 31 2023      0.70           0.77           Beat
 Jul. 31 2023      0.34           0.38           Beat