Movado Group Lowers FY25 Outlook: Sees Sales Of $665.0M-$675.0M Vs. $701.5M Estimate (Prior View: $700.0M-$710.0M); Projects Earnings Per Share Of $0.90-$1.00 Vs. $1.26 Estimate (Prior View: $1.20-$1.30)
Portfolio Pulse from Nabaparna Bhattacharya
Movado Group has revised its financial outlook for FY25, lowering its sales projection to $665.0M-$675.0M from the previous $700.0M-$710.0M, and its earnings per share estimate to $0.90-$1.00 from $1.20-$1.30. This is below the market estimates of $701.5M in sales and $1.26 EPS.
September 05, 2024 | 10:56 am
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Movado Group has lowered its FY25 sales and earnings per share outlook, which is below market expectations. This revision indicates potential challenges in achieving previous financial targets.
Movado Group's downward revision of its FY25 sales and EPS outlook suggests potential difficulties in meeting financial goals, which is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100