Luxury watch company Movado (NYSE: MOV) will be reporting results this Tuesday morning. Here’s what investors should know.
Movado beat analysts’ revenue expectations by 3.2% last quarter, reporting revenues of $161.8 million, up 3.1% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates.
Is Movado a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Movado’s revenue to grow 1.7% year on year to $185.9 million, a reversal from the 2.6% 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 only missed Wall Street’s revenue estimates once since going public and has exceeded top-line expectations by -2% on average.
Looking at Movado’s peers in the apparel and accessories segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Figs delivered year-on-year revenue growth of 8.2%, beating analysts’ expectations by 6.4%, and ThredUp reported revenues up 33.6%, topping estimates by 5.9%. Figs traded up 13.7% following the results while ThredUp was down 7.5%.
Read our full analysis of Figs’s results here and ThredUp’s results here.
Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the apparel and accessories stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 6.4% on average over the last month. Movado is up 4.9% during the same time and is heading into earnings with an average analyst price target of $31.50 (compared to the current share price of $19.24).
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