Movado Group Q2 Adj EPS $0.38 Beats $0.34 Estimate, Sales $160.40M Miss $165.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Movado Group (NYSE:MOV) reported Q2 adjusted earnings of $0.38 per share, beating the analyst consensus estimate of $0.34 by 11.76%. However, this is a 64.49% decrease from the same period last year. The company's quarterly sales were $160.40 million, missing the analyst consensus estimate of $165.00 million by 2.79%, and marking a 12.26% decrease from the same period last year.
August 24, 2023 | 10:46 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Movado Group's Q2 earnings beat estimates but were significantly lower than last year. Sales also missed estimates and were lower YoY.
Movado Group's earnings beat estimates, which is a positive signal. However, the significant YoY decrease in earnings and sales, as well as the missed sales estimates, are negative signals that could impact the stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100