ACV Auctions Inc expected to post a loss of 15 cents a share - Earnings Preview

ACV Auctions

04/11/2023 03:02

* ACV Auctions Inc  ACVA.OQ   ACVA.O  is expected to show a
rise
in quarterly revenue when it reports  results 
    * The Buffalo New York-based  company is expected to report 
a
12.2% increase in revenue to $118.298 million from $105.42
million a year ago, according to the mean estimate from 13
analysts, based on LSEG data. The company's guidance on August 7
2023, for the period ended September 30, was for revenue between
$115.00 million and $119.00 million.
    * ​Refinitiv's mean analyst estimate for ACV Auctions Inc is
for a
loss of 15 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for ACV
Auctions Inc
is $21.5​, above​ its last closing price of $14.71. ​​​

The company's guidance on August 7 2023 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 115 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  
 Jun. 30 2023  -0.15       -0.14      -0.10     Beat    30.2
 Mar. 31 2023  -0.16       -0.16      -0.03     Beat    81.2
 Dec. 31 2022  -0.19       -0.19      -0.15     Beat    20.7​
 Sep. 30 2022  -0.18       -0.17      -0.15     Beat    13.5
 ​​Jun.        -0.18       -0.18      -0.16     Beat    11.1
 30 2022                                                
 Mar. 31 2022  -0.16       -0.16      -0.19     Missed  -15.6​
 Dec. 31 2021  -0.19       -0.20      -0.17     Beat    13.3
 Sep. 30 2021  -0.18       -0.17      -0.16     Beat    8.2
 This summary was machine generated November 4 at 03:01 GMT.  All
figures in US dollars  unless otherwise stated