A Glimpse of Movado Group's Earnings Potential

Movado Group MOV is preparing to release its quarterly earnings on Thursday, 2024-12-05. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Movado Group to report an earnings per share (EPS) of $0.48.

Movado Group bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Performance in Previous Earnings

In the previous earnings release, the company missed EPS by $0.03, leading to a 1.92% drop in the share price the following trading session.

Here's a look at Movado Group's past performance and the resulting price change:

Tracking Movado Group's Stock Performance

Shares of Movado Group were trading at $20.73 as of December 03. Over the last 52-week period, shares are down 25.46%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

To track all earnings releases for Movado Group visit their earnings calendar on our site.

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