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

Movado

30/11/2023 14:32

* Movado Group Inc  MOV.N  reported quarterly adjusted
earnings of
77 cents​​ per share for the quarter ended in October, lower
than the same quarter last year, when the company reported EPS
of $1.31.  The lone analyst forecast for the quarter was
for earnings of 70 cents per share. 
    * Revenue fell 11.2% to $187.69 million from a year ago;
analysts
expected $194.00 million. 
    * Movado Group Inc's reported EPS for the quarter was 77
cents​.
    * The company reported quarterly net income of $17.39
million.
    * Movado Group Inc shares had risen by 6.0% this quarter and
lost 6.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.5%
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 November 30 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2023      0.70           0.77           Beat
 Jul. 31 2023      0.34           0.38           Beat
 Apr. 30 2023      0.26           0.43           Beat
 Jan. 31 2023      0.86           1.03           Beat