Luxury watch company Movado (NYSE: MOV) will be reporting results this Thursday before market open. Here’s what you need to know.
Movado met analysts’ revenue expectations last quarter, reporting revenues of $186.1 million, up 3.1% year on year. It was a softer 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, the market is expecting Movado’s revenue to grow 4.2% year on year, improving from the 1.9% increase 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 multiple times over the last two years.
Looking at Movado’s peers in the consumer discretionary - apparel and accessories segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Figs delivered year-on-year revenue growth of 33%, beating analysts’ expectations by 21.8%, and Tapestry reported revenues up 14%, topping estimates by 7.7%. Figs traded up 23.9% following the results while Tapestry was also up 17.1%.
Read our full analysis of Figs’s results here and Tapestry’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the consumer discretionary - apparel and accessories stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.2% on average over the last month. Movado is down 5.6% during the same time and is heading into earnings with an average analyst price target of $30.75 (compared to the current share price of $23.44).
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