ACV Auctions Inc expected to post a loss of 17 cents a share - Earnings Preview

ACV Auctions

08/11/2022 03:07

* ACV Auctions Inc  ACVA.OQ   ACVA.O  is expected to show a
rise
in quarterly revenue when it reports  results on November 9. 
    * The Buffalo New York-based  company is expected to report 
a
14.1% increase in revenue to $104.766 million from $91.8 million
a year ago, according to the mean estimate from 12 analysts,
based on Refinitiv data. The company's guidance on August 10
2022, for the period ended September 30, was for revenue between
$104.00 million and $107.00 million.
    * ​Refinitiv's mean analyst estimate for ACV Auctions Inc is
for a
loss of 17 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 2
"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 $15​, above​ its last closing price of $6.96. ​​​

The company's guidance on August 10 2022 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 104 million and -13
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 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​
 Sep. 30 2021  -0.18       -0.17      -0.16     Beat    8.2
 ​​Jun.        -0.20       -0.25      -0.06     Beat    76.3
 30 2021                                                
 Mar. 31 2021  -0.67       -0.68      -0.51     Beat    24.7​
 This summary was machine generated November 8 at 03:05 GMT.  All
figures in US dollars  unless otherwise stated