Movado Group (NYSE: MOV) reported earnings on May 29. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended April 30 (Q1), Movado Group missed estimates on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share grew. GAAP earnings per share expanded significantly.

Gross margins dropped, operating margins increased, net margins increased.

Revenue details
Movado Group booked revenue of $110.0 million. The one analyst polled by S&P Capital IQ predicted revenue of $115.9 million on the same basis. GAAP reported sales were 6.1% higher than the prior-year quarter's $103.7 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 $0.28. The two earnings estimates compiled by S&P Capital IQ averaged $0.22 per share. Non-GAAP EPS of $0.28 for Q1 were 7.7% higher than the prior-year quarter's $0.26 per share. GAAP EPS of $0.32 for Q1 were 23% higher than the prior-year quarter's $0.26 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 54.5%, 240 basis points worse than the prior-year quarter. Operating margin was 9.1%, 90 basis points better than the prior-year quarter. Net margin was 7.5%, 110 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $131.9 million. On the bottom line, the average EPS estimate is $0.33.

Next year's average estimate for revenue is $566.6 million. The average EPS estimate is $1.83.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 166 members out of 202 rating the stock outperform, and 36 members rating it underperform. Among 72 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 62 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 buy, with an average price target of $44.50.

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