Looking Into Movado Group's Return On Capital Employed
Portfolio Pulse from Benzinga Insights
Movado Group (NYSE:MOV) reported Q1 earnings of $9.28 million, a 60.22% increase from Q4, with sales dropping 25.41% to $144.91 million. The company posted a return on capital employed (ROCE) of 0.02%, indicating effective capital allocation. Q1 earnings per share were $0.43, beating analyst predictions of $0.26.
May 26, 2023 | 2:47 pm
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Movado Group's Q1 earnings increased by 60.22% to $9.28 million, with a 0.02% ROCE, indicating effective capital allocation. Earnings per share beat analyst predictions at $0.43.
Movado Group's Q1 earnings increased by 60.22% and the company posted a positive ROCE of 0.02%, which indicates effective capital allocation. This, along with the fact that the company's earnings per share beat analyst predictions, suggests that the stock price is likely to go up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100