Movado Group Earnings Preview
Movado Group (NYS: MOV) will try to beat its earnings estimates for the fourth consecutive quarter. The company will unveil its latest earnings on Thursday. Movado Group designs, sources, markets, and distributes fine watches and jewelry. It also designs proprietary Movado-branded jewelry which it retails in its luxury Movado Boutiques.
What analysts say:
- Buy, sell, or hold?: That rating hasn't budged in three months as analysts have remained steady in their opinion of the stock.
- Revenue forecasts: On average, analysts predict $133.4 million in revenue this quarter. That would represent a rise of 8.5% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.43 per share.
What our community says:
CAPS All-Stars are solidly behind the stock with 91.4% awarding it an outperform rating. The community at large backs the All-Stars with 86.4% assigning it a rating of outperform. Fools have embraced Movado Group, though the message boards have been quiet lately with only 78 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.
Revenue has now gone up for three straight quarters.
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At the time this article was published