Movado Group Inc MOV.N reported quarterly adjusted earnings of 13 cents per share for the quarter ended July 31, lower than the same quarter last year, when the company reported EPS of 16 cents. The lone analyst forecast for the quarter was for earnings of 31 cents per share.
Revenue rose 1.6% to $161.83 million from a year ago; analysts expected $156.84 million.
Movado Group Inc's reported EPS for the quarter was 13 cents.
The company reported quarterly net income of $2.99 million.
Movado Group Inc shares had risen by 14.9% this quarter and lost 11.0% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 46.7% 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 "hold."
Wall Street's median 12-month price target for Movado Group Inc is $31.50, about 44.4% above its last closing price of $17.52
This summary was machine generated from LSEG data August 28 at 01:32 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)