Movado Group (NYSE: 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.
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.
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.
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.
The full year's average estimate for revenue is $509.4 million. The average EPS estimate is $1.49.
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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