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Luxury watch company Movado (NYSE:MOV) will be reporting earnings tomorrow before the bell. Here’s what you need to know.
Movado missed analysts’ revenue expectations by 2.6% last quarter, reporting revenues of $182.7 million, down 2.6% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and full-year EPS guidance slightly missing analysts’ expectations.
Is Movado a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Movado’s revenue to grow 1.1% year on year to $181.6 million, a reversal from the 7.5% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Movado has missed Wall Street’s revenue estimates five times over the last two years.
Looking at Movado’s peers in the apparel and accessories segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Stitch Fix’s revenues decreased 5.5% year on year, beating analysts’ expectations by 4.4%, and ThredUp reported revenues up 9.5%, falling short of estimates by 2.4%. Stitch Fix traded down 5.2% following the results, while ThredUp was up 6.7%.
Read our full analysis of Stitch Fix’s results here and ThredUp’s results here.
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