Movado Group
The 10-second takeaway
For the quarter ended July 31 (Q2), Movado Group missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share increased significantly.
Margins increased across the board.
Revenue details
Movado Group tallied revenue of $118.0 million. The two analysts polled by S&P Capital IQ foresaw a top line of $122.7 million on the same basis. 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
EPS came in at $0.32. The three earnings estimates compiled by S&P Capital IQ forecast $0.18 per share. 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.
Margin details
For the 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
Next quarter's average estimate for revenue is $157.7 million. On the bottom line, the average EPS estimate is $0.62.
Next 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 156 members out of 189 rating the stock outperform, and 33 members rating it underperform. Among 76 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 66 give Movado Group a green thumbs-up, and 10 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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