Movado Group, in the Spotlight Soon
Movado Group (NYS: MOV) is expected to report Q3 earnings on Nov. 28. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Movado Group's revenues will expand 10.6% and EPS will wane -4.6%.
The average estimate for revenue is $157.7 million. On the bottom line, the average EPS estimate is $0.62.
Revenue details
Last quarter, Movado Group reported revenue of $118.0 million. GAAP reported sales were 4.2% higher than the prior-year quarter's $113.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, EPS came in at $0.32. GAAP EPS of $0.32 for Q2 were 78% higher than the prior-year quarter's $0.18 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 55.7%, 190 basis points better than the prior-year quarter. Operating margin was 9.1%, 470 basis points better than the prior-year quarter. Net margin was 6.8%, 290 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $509.4 million. The average EPS estimate is $1.49.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 162 members out of 195 rating the stock outperform, and 33 members rating it underperform. Among 77 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 66 give Movado Group a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Movado Group is outperform, with an average price target of $34.50.
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The article Movado Group, in the Spotlight Soon originally appeared on Fool.com.
Seth Jayson owned shares of the following at the time of publication: Movado Group. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Movado Group. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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