ACV Auctions Inc expected to post a loss of 19 cents a share - Earnings Preview

ACV Auctions

21/02/2023 24:43

* ACV Auctions Inc  ACVA.OQ   ACVA.O  is expected to show a
fall
in quarterly revenue when it reports  results on February 22. 
    * The Buffalo New York-based  company is expected to report 
a
0.9% decrease in revenue to $99.25 million from $100.18 million
a year ago, according to the mean estimate from 14 analysts,
based on Refinitiv data. The company's guidance on November 9
2022, for the period ended December 31, was for revenue between
$97.00 million and $100.00 million.
    * ​Refinitiv's mean analyst estimate for ACV Auctions Inc is
for a
loss of 19 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for ACV
Auctions Inc
is $13.5​, above​ its last closing price of $11.15. ​​​

The company's guidance on November 9 2022 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 97 million and -15
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  
 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. 31 2021  -0.19       -0.20      -0.17     Beat    13.3
 ​​Sep.        -0.18       -0.17      -0.16     Beat    8.2
 30 2021                                                
 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 February 21 at 00:43 GMT. 
All figures in US dollars  unless otherwise stated