Earnings Preview: Movado Group
Portfolio Pulse from Benzinga Insights
Movado Group (NYSE:MOV) is scheduled to release its quarterly earnings report on March 26, 2024, with analysts expecting an EPS of $0.39. Investors are hopeful for an earnings beat and positive guidance for the next quarter. Historically, Movado's stock price has shown mixed reactions to its earnings performance, with a slight drop following last quarter's earnings beat. Currently, shares are trading at $26.57, down 7.77% over the last year, indicating a bearish sentiment among long-term shareholders.
March 25, 2024 | 2:01 pm
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Movado Group is expected to report an EPS of $0.39 for the upcoming quarter. Historical data shows mixed stock price reactions to earnings announcements. Shares are currently down 7.77% over the past year.
Movado Group's upcoming earnings report is crucial, with analysts setting the EPS expectation at $0.39. Historically, the company's stock price has shown varied responses to earnings outcomes, indicating that while an earnings beat could positively influence the stock, the market's focus might lean more towards the company's future guidance. Given the current bearish sentiment reflected in the year-to-date performance, the short-term impact on MOV's stock price is uncertain, leaning towards a neutral outlook pending the actual earnings results and future guidance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100