Movado Group Inc. (NYSE:MOV) is set to announce third quarter earning results on Tuesday 24th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, MOV to report 3Q21 income of $ 0.48 per share.
For the full year, analysts anticipate top line of $ 446.78 million, while looking forward to income of $ 0.05 per share bottom line.
Previous Quarter Performance
Movado Group Inc. reported loss for the second quarter of $ 0.07 per share, from the revenue of $ 88.54 million. Street analysts expected Movado Group Inc. to report loss of $ 0.31 per share on revenue of $ 113.00 million for the second quarter. The bottom line results beat street analysts by $ 0.24 or 77.42 percent, at the same time, top line results fell short of analysts by $ 24.46 million or 21.65 percent.
Stock Performance
Shares of Movado Group Inc. traded up $ 0.46 or 2.83 percent on Monday, reaching $ 16.69 with volume of 355.80 thousand shares. Movado Group Inc. has traded high as $ 16.94 and has cracked $ 15.95 on the downward trend
According to the previous trading day, closing price of $ 16.69, representing a 99.88 % increase from the 52 week low of $ 8.12 and a 26.63 % decrease over the 52 week high of $ 22.12.
The company has a market capital of $ 397.86 million and is part of the Consumer Cyclical sector and Luxury Goods industry.
Conference Call
Movado Group Inc. will be hosting a conference call at 9:00 AM eastern time on 24th November 2020, to discuss its 3Q21 financial results with the investment community. The participants may dial, 877) 407-0784 U.S., and the passcode is 13713033 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.movadogroup.com
Movado Group, Inc. designs, develops, sources, markets, and distributes fine watches in the United States and internationally. The company operates in two segments, Watch and Accessory Brands; and Company Stores.
