Should You Chase Movado Group's Post-Earnings Rally? [The Motley Fool]
Movado Group Inc. (MOV)
Last movado group inc. earnings: 3/26 06:45 am
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US:NYSE Investor Relations:
movadogroup.com/investor/index.cfm
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Source: The Motley Fool
The premium watchmaker is still generating double-digit sales and earnings growth. Shares of Movado ( NYSE:MOV ) surged 13% on Dec. 4, after the high-end watchmaker's third-quarter numbers easily cleared Wall Street's estimates. Its revenue rose 10% annually to $208.9 million, beating estimates by nearly $4 million. Its non-GAAP net earnings rose 13% to $1.18 per share, topping expectations by $0.07. For the full year, Movado expects its revenue to rise 16% to 19%, compared to just 3% growth last year. It expects its adjusted EPS to rise 23% to 27%. Both estimates are in line with analysts' expectations. Movado's stock already rallied nearly 30% this year, so should investors still buy this stock after its post-earnings pop? Image source: Movado. How Movado thrived in a tough market Movado's namesake brand was founded in Switzerland in 1881, and it was eventually acquired by the American company that evolved into the Movado Group. Movado also manufactures lice
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News
- MVMT, a Movado Group, Inc. Brand, Ramps Up Partnership with World Champion Motocross Racer Jett Lawrence [Yahoo! Finance]Yahoo! Finance
- MVMT, a Movado Group, Inc. Brand, Ramps Up Partnership with World Champion Motocross Racer Jett LawrenceBusiness Wire
- Movado Group, Inc. (NYSE:MOV) is a favorite amongst institutional investors who own 70% [Yahoo! Finance]Yahoo! Finance
- Don't Race Out To Buy Movado Group, Inc. (NYSE:MOV) Just Because It's Going Ex-Dividend [Yahoo! Finance]Yahoo! Finance
- Movado Group Announces Appointment of Debbie Forman-Pavan as President of North America Sales [Yahoo! Finance]Yahoo! Finance
MOV
Earnings
- 8/24/23 - Beat
MOV
Sec Filings
- 5/9/24 - Form ARS
- 5/9/24 - Form DEFA14A
- 5/9/24 - Form DEF
- MOV's page on the SEC website