Movado Group (MOV) and Nutanix (NTNX) are set to report their quarterly earnings on Wednesday, August 26. Both companies have a Zacks Rank #1 (Strong Buy), reflecting positive earnings estimate revisions.
Movado is expected to announce Q2 EPS of $0.36, representing a 56% increase year-over-year, with revenues projected at $164.18 million, up 1%. The company reported an 8% YoY sales increase in Q1, with adjusted EPS rising to $0.32 from $0.08. Movado recently raised its quarterly dividend by 14% to $0.40 per share, yielding approximately 4.6% at a share price of around $34.
Nutanix is forecasting Q4 EPS of $0.48, a nearly 30% YoY growth, with revenue expected to reach $737.89 million, up 13%. The full-year EPS projection stands at $1.93, a 19% increase, with revenues anticipated to surpass $2.83 billion. Their fiscal Q3 annual recurring revenue (ARR) climbed 15% YoY to $2.43 billion, indicating strong growth momentum.
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