Movado Group Earnings Preview
Investors are on the edges of their seats, hoping that Movado Group (NYS: MOV) will top analyst expectations for the third consecutive quarter. The company will unveil its latest earnings on Thursday, Sept. 1. Movado Group designs, sources, markets, and distributes fine watches and jewelry. It also designs, develops, and markets proprietary Movado-branded jewelry which it retails in its luxury Movado Boutiques.
What analysts say:
- Buy, sell, or hold?: Analysts think investors should stand pat on Movado Group with analysts unanimously rating it hold. That rating hasn't budged in three months as analysts have remained steadfast in their opinion of the stock.
- Revenue Forecasts: On average, analysts predict $96.6 million in revenue this quarter. That would represent a rise of 13.1% from the year-ago quarter.
- Wall Street Earnings Expectations: The average analyst estimate is earnings of $0.04 per share. Estimates range from $0.02 to $0.05.
What our community says:
CAPS All Stars are solidly behind the stock, with 91% awarding it an "outperform" rating. The community at large agrees with the All Stars, with 86% granting it a rating of "outperform." Fools are gung-ho about Movado Group, though the message boards have been quiet lately with only 75 posts in the past 30 days. Despite the majority sentiment in favor of Movado Group, the stock has a middling CAPS rating of three out of five stars.
The company's revenue has now risen for two straight quarters.
One final thing: If you want to keep tabs on Movado Group movements, and for more analysis on the company, make sure you add it to your Watchlist.
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At the time this article was published
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