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

Movado

24/08/2023 14:33

* Movado Group Inc  MOV.N  reported quarterly adjusted
earnings of
38 cents​​ per share for the quarter ended in July. The lone
analyst forecast for the quarter was for earnings of 34 cents
per share.
    * Revenue fell 12.3% to $160.39 million from a year ago;
analysts
expected $165.00 million. 
    * Movado Group Inc's reported EPS for the quarter was 36
cents​.
    * The mean earnings estimate of analysts had fallen by
about 10.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Movado Group Inc shares had fallen by 2.8% this
quarter and
lost 16.2% so far this year.
    * The company reported quarterly net income of $8.05
million.
    * Wall Street's median 12-month price target for Movado
Group Inc
is $32.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 24 at 01:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jul. 31 2023      0.34           0.38           Beat
 Apr. 30 2023      0.26           0.43           Beat
 Jan. 31 2023      0.86           1.03           Beat
 Oct. 31 2022      1.21           1.31           Beat