Movado EPS Estimates Up 25%, Full-Year Forecast Rises 8.6%, Shares Jump 7.5%
Analysts have raised Movado’s current-quarter EPS estimate to $0.53, a 25% upward revision over the past 30 days, implying a 3.9% year-over-year gain. Full-year EPS projections climbed 8.6% to $1.15, earning the watchmaker a Zacks Rank #2 and driving shares up 7.5% in four weeks.
1. Estimate Revisions Accelerate
Over the last month, one analyst raised the current-quarter EPS estimate for Movado to $0.53, representing a 25% increase in consensus and signaling stronger near-term profitability expectations.
2. Full-Year Outlook Improves
Analysts increased Movado’s full-year EPS forecast by 8.63% to $1.15, reflecting greater confidence in sales growth and cost management for the fiscal year.
3. Zacks Rank and Stock Momentum
Movado’s upgraded earnings outlook has earned a Zacks Rank #2 (Buy), and the stock has responded positively, gaining 7.5% over the past four weeks as investors anticipate continued upside.
4. Implications for Investors
The convergence of upgraded estimates, a favorable rank and recent share gains suggests potential for further momentum, though investors should monitor margin trends and consumer demand in the luxury watch segment.