Movado Group Inc. (NYSE:MOV) is reporting second quarter financial results on Thursday 27th August 2020, before market open.
According to analysts surveyed by Thomson Reuters, MOV is expected to report 2Q21 loss of $ 0.31 per share from revenue of $ 113.00 million.
For the full year, analysts anticipate top line of $ 538.15 million, while looking forward to loss of $ 0.1 per share bottom line.
Previous Quarter Performance
Movado Group Inc. came out with loss for the first quarter of $ 0.56 per share, from the revenue of $ 69.67 million. According to street consensus, MOV was expected to report 1Q21 loss of $ 0.20 per share from revenue of $ 81.00 million. The bottom line results missed street analysts by $ 0.36 or 180 percent, at the same time, top line results fell short of analysts by $ 11.33 million or 13.99 percent.
Stock Performance
Shares of Movado Group Inc. traded low $ -0.69 or -5.96 percent on Wednesday, reaching $ 10.88 with volume of 214.00 thousand shares. Movado Group Inc. has traded high as $ 11.52 and has cracked $ 10.79 on the downward trend
The closing price of $ 10.88, representing a 42.49 % increase from the 52 week low of $ 8.12 and a 59.8 % decrease over the 52 week high of $ 28.78.
The company has a market capital of $ 251.65 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 27th August 2020, to discuss its 2Q21 financial results with the investment community. The participants may dial, (877) 407-0784 U.S., when prompted, enter passcode 13708469 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/5g5xpj8i
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.
