Movado Cuts FY24 EPS Outlook From $2.70-$2.90 To $2.15-$2.25, Est. $2.80
Portfolio Pulse from Benzinga Newsdesk
Movado has reduced its FY24 EPS outlook from $2.70-$2.90 to $2.15-$2.25, which is below the estimated $2.80.
August 24, 2023 | 10:51 am
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Movado's lowered FY24 EPS outlook may negatively impact its stock price in the short term.
Movado's lowered EPS outlook for FY24 indicates potential financial challenges or lower profitability than previously expected. This news could lead investors to sell their shares, potentially causing a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100