Movado Group stock carries a Q2 earnings beat into October

Published on 10/04/2026 at 11:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Movado Group stock closed at USD 33.66 on October 2, 2026, while four analysts set a Strong Buy consensus. The average target is USD 40.00.

MOV, US6245801062, Illustration mit AI erstellt.

Movado Group stock (ISIN US6245801062) closed at USD 33.66 on the NYSE on October 2, 2026, down 0.85 percent from the prior close. The latest fundamental signal is a Q2 FY27 earnings beat, with revenue and adjusted EPS both ahead of consensus, as MarketBeat reported on October 2, 2026.

Q2 revenue beats consensus

For the quarter ended July 31, 2026, Movado Group generated USD 169.8 million in revenue, up 4.9 percent year over year, with a gross margin of 59.4 percent and net income of USD 12.3 million, according to Belvedere Research on September 21, 2026.

MarketBeat reported quarterly EPS of USD 0.54 against a USD 0.35 consensus estimate, while revenue of USD 169.75 million exceeded the USD 164.20 million forecast. The comparison matters because earnings beat expectations by USD 0.19 per share as the company continued its recovery from tariff pressure.

Margins face a tougher test

The earnings quality was mixed. MarketBeat reported that USD 3.2 million of tariff refunds contributed to Q2 results, while gross margin still expanded 340 basis points to 57.5 percent after that benefit was excluded.

Management guidance points to top-line growth in the mid-single-digit range for the second half of the fiscal year, while gross margin is expected at 55 percent to 56 percent, below the Q2 level. That gap puts the durability of the earnings recovery ahead of the next report as the key operating question.

Strong Buy consensus meets valuation

Four analysts cover Movado Group, and the consensus rating is Strong Buy, according to MarketBeat. The average 12-month price target is USD 40.00, which is 18.9 percent above the USD 33.66 closing price; targets range from USD 35.00 to USD 45.00.

Stock stays below yearly high

Movado Group stock closed at USD 33.66 on the NYSE on October 2, 2026, with a 52-week range of USD 17.24 to USD 40.50. The shares therefore finished 16.89 percent below the yearly high, while the market continues to weigh Q2 growth against the possibility of lower margins.