Recap: Movado Group Q1 Earnings

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Movado Group MOV reported its Q1 earnings results on Thursday, May 25, 2023 at 06:46 AM.

Here's what investors need to know about the announcement.

Earnings

Movado Group beat estimated earnings by 65.38%, reporting an EPS of $0.43 versus an estimate of $0.26.

Revenue was down $18.52 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.17 which was followed by a 1.56% drop in the share price the next day.

Here's a look at Movado Group's past performance:

Quarter Q4 2023 Q3 2023 Q2 2023 Q1 2023
EPS Estimate 0.86 1.21 0.71 0.46
EPS Actual 1.03 1.31 1.07 0.82
Revenue Estimate 184.40M 225.60M 181.00M 144.00M
Revenue Actual 194.27M 211.40M 182.80M 163.42M

To track all earnings releases for Movado Group visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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