Movado MOV shares soared 7.4% in the last trading session to close at $14.49. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 25.1% loss over the past four weeks.

U.S. stocks staged their biggest rally yesterday, after President Donald Trump announced a 90-day pause on reciprocal tariffs for all nations except China.

This watchmaker is expected to post quarterly earnings of $0.39 per share in its upcoming report, which represents a year-over-year change of -29.1%. Revenues are expected to be $181.63 million, up 1.1% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For Movado, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on MOV going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Movado belongs to the Zacks Retail - Jewelry industry. Another stock from the same industry, Brilliant Earth Group, Inc. BRLT, closed the last trading session 5.1% higher at $1.45. Over the past month, BRLT has returned 4.6%.

For Brilliant Earth Group , the consensus EPS estimate for the upcoming report has changed -166.7% over the past month to -$0.01. This represents a change of -133.3% from what the company reported a year ago. Brilliant Earth Group currently has a Zacks Rank of #3 (Hold).

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This article originally published on Zacks Investment Research (zacks.com).

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