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Movado Group (NYSE:MOV) releases its next round of earnings this Wednesday. Get the latest predictions in Benzinga's essential guide to the company's Q2 earnings report.
Earnings and Revenue
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Sell-side analysts expect Movado Group's EPS to be near 45 cents on sales of $137.5 million.
If the company were to match the consensus estimate when it reports Wednesday, earnings would be up 4.65 percent. Sales would be have grown 6.77 percent from the same quarter last year. Movado Group's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q1 2019 | Q4 2018 | Q3 2018 | Q2 2018 |
| EPS Estimate | 0.11 | 0.26 | 0.85 | 0.23 |
| EPS Actual | 0.37 | 0.52 | 1.04 | 0.43 |
Stock Performance
Over the last 52-week period, shares are up 101.48 percent. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. Analysts seem to have settled on a Neutral rating with Movado Group. The strength of this rating has maintained conviction over the past three months.
Conference Call
Movado Group is scheduled to hold a conference call at 9:00 a.m. ET and it can be accessed here: www.movadogroup.com
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.