ACV Auctions Inc expected to post a loss of 18  cents a share - Earnings Preview

ACV Auctions

08/08/2022 23:06

* ACV Auctions Inc  ACVA.OQ   ACVA.O  is expected to show a
rise
in quarterly revenue when it reports  results on August 10. 
    * The Buffalo New York-based  company is expected to report 
a
14.4% increase in revenue to $111.349 million from $97.37
million a year ago, according to the mean estimate from 15
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for ACV Auctions Inc is
for a
loss of 18 cents per share. For the same quarter last year, the
company reported a loss of 6 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 $17​, above​ its last closing price of $7.64. ​​​
    * 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 2022  -0.16       -0.16      -0.19     Missed  -15.6
 Dec. 31 2022  -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
 ​​Mar.        -0.67       -0.68      -0.51     Beat    24.7
 31 2021                                                
                                                        ​
 This summary was machine generated August 8 at 22:06 GMT.  All
figures in US dollars  unless otherwise stated