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

ACV Auctions

19/02/2024 21:39

* ACV Auctions Inc  ACVA.OQ   ACVA.O  is expected to show a
rise
in quarterly revenue when it reports  results on February 21 for
the period ending December 31 2023
    * The Buffalo New York-based  company is expected to report
a
20.7% increase in revenue to $118.263 million from $97.97
million a year ago, according to the mean estimate from 14
analysts, based on LSEG data.The company's guidance on November
6 2023, for the period ended December 31, was for revenue
between $116.00 million and $120.00 million.
    * ​LSEG'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 11 "strong buy" or "buy," 3
"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 $20.50​, above​ its last closing price of $14.29. ​​​

The company's guidance on November 6 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 116 million and -7
million (USD).
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.14       -0.15      -0.11     Beat    24.4
 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.        -0.18       -0.17      -0.15     Beat    13.5
 30 2022                                                
 Jun. 30 2022  -0.18       -0.18      -0.16     Beat    11.1​
 Mar. 31 2022  -0.16       -0.16      -0.19     Missed  -15.6
 Dec. 31 2021  -0.19       -0.20      -0.17     Beat    13.3
 This summary was machine generated February 19 at 21:39 GMT. 
All figures in US dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)