ACV Auctions Inc expected to post a loss of 14 cents a share - Earnings Preview

ACV Auctions

05/08/2023 03:04

* ACV Auctions Inc  ACVA.OQ   ACVA.O  is expected to show a
rise
in quarterly revenue when it reports  results on August 7. 
    * The Buffalo New York-based  company is expected to report 
a
4.2% increase in revenue to $119.854 million from $115.07
million a year ago, according to the mean estimate from 13
analysts, based on Refinitiv data. The company's guidance on May
10 2023, for the period ended June 30, was for revenue between
$117.00 million and $120.00 million.
    * ​Refinitiv's mean analyst estimate for ACV Auctions Inc is
for a
loss of 14 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.6%
in the last three months. ​
    * Wall Street's median 12-month price target for ACV
Auctions Inc
is $20​, above​ its last closing price of $16.54. ​​​

The company's guidance on May 10 2023 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between 117 million and -8 million (USD).
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.16       -0.16      -0.03     Beat    81.2
 Dec. 31 2023  -0.19       -0.19      -0.15     Beat    20.7
 Sep. 30 2022  -0.18       -0.17      -0.15     Beat    13.5​
 Jun. 30 2022  -0.18       -0.18      -0.16     Beat    11.1
 ​​Mar.        -0.16       -0.16      -0.19     Missed  -15.6
 31 2022                                                
 Dec. 31 2021  -0.19       -0.20      -0.17     Beat    13.3​
 Sep. 30 2021  -0.18       -0.17      -0.16     Beat    8.2
 Jun. 30 2021  -0.20       -0.25      -0.06     Beat    76.3
 This summary was machine generated August 5 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated