ACV Auctions Inc expected to post a loss of 16 cents a share - Earnings Preview

ACV Auctions

09/05/2023 03:03

* ACV Auctions Inc  ACVA.OQ   ACVA.O  is expected to show a
rise
in quarterly revenue when it reports  results on May 10. 
    * The Buffalo New York-based  company is expected to report 
a
5.7% increase in revenue to $108.934 million from $103.07
million a year ago, according to the mean estimate from 13
analysts, based on Refinitiv data. The company's guidance on
February 22 2023, for the period ended March 31, was for revenue
between $107.00 million and $110.00 million.
    * ​Refinitiv's mean analyst estimate for ACV Auctions Inc is
for a
loss of 16 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 1.4%
in the last three months. ​
    * Wall Street's median 12-month price target for ACV
Auctions Inc
is $15​, above​ its last closing price of $13.35. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  -0.18       -0.18      -0.16     Beat    11.1​
 Mar. 31 2022  -0.16       -0.16      -0.19     Missed  -15.6
 ​​Dec.        -0.19       -0.20      -0.17     Beat    13.3
 31 2021                                                
 Sep. 30 2021  -0.18       -0.17      -0.16     Beat    8.2​
 Jun. 30 2021  -0.20       -0.25      -0.06     Beat    76.3
 Mar. 31 2021  -0.67       -0.68      -0.51     Beat    24.7
 This summary was machine generated May 9 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated