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

Movado

22/11/2022 14:31

* Movado Group Inc  MOV.N  reported quarterly adjusted
earnings of
$1.31​​ per share for the quarter ended in October. The lone
analyst forecast for the quarter was for earnings of $1.21 per
share.
    * Revenue fell 2.9% to $211.40 million from a year ago;
analysts
expected $225.60 million. 
    * Movado Group Inc's reported EPS for the quarter was
$1.28​.
    * The mean earnings estimate of analysts had fallen by
about 10.4%
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 risen by 18.8% this
quarter and
lost 19.9% so far this year.
    * The company reported quarterly net income of $29.29
million.
    * Wall Street's median 12-month price target for Movado
Group Inc
is $38.00 
    * 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 Refinitiv data November
22 at 02:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2022      1.21           1.31           Beat
 Jul. 31 2022      0.71           1.07           Beat
 Apr. 30 2022      0.46           0.82           Beat
 Jan. 31 2022      0.80           1.32           Beat