Movado Group (NYSE: MOV ) is expected to report Q2 earnings on Aug. 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 increase 8.3% and EPS will increase 12.5%.
The average estimate for revenue is $122.7 million. On the bottom line, the average EPS estimate is $0.18.
Last quarter, Movado Group booked revenue of $103.7 million. GAAP reported sales were 15% higher than the prior-year quarter's $89.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.26. GAAP EPS of $0.26 for Q1 were much higher than the prior-year quarter's $0.02 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 56.9%, 280 basis points better than the prior-year quarter. Operating margin was 8.2%, 640 basis points better than the prior-year quarter. Net margin was 6.4%, 590 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $508.2 million. The average EPS estimate is $1.24.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 154 members out of 188 rating the stock outperform, and 34 members rating it underperform. Among 70 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 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 buy, with an average price target of $28.00.
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