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home / news releases / MOV - Movado: Q2 Huge Beat At Twice Consensus 23% Net Cash And P/E Of 9x

MOV - Movado: Q2 Huge Beat At Twice Consensus 23% Net Cash And P/E Of 9x

Movado Group Inc.
  • Huge Revenue and EPS beat for Q2, full-year revenue guidance raised, positive outlook.
  • Strong balance sheet with 23% net cash [zero debt] of the market cap.
  • Undervalued ex-cash P/E of 8.8x for next year 1/2023, while leading luxury stocks are trading at 25x – 30x P/Es.
  • Despite stock up over 50% since our initial reco, we still see 50% further upside.
  • U.S. luxury sales accelerating at rapid pace with monthly Swiss-watch orders up 48.5% in July vs. 2019 [i.e. 2-year normal comp].

For further details see:

Movado: Q2 Huge Beat At Twice Consensus, 23% Net Cash And P/E Of 9x
Stock Information
Company Name: Movado Group Inc.
Stock Symbol: MOV
Market: NYSE
Website: movadogroup.com
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