ACV Auctions Inc expected to post a loss of 9 cents a share - Earnings Preview

ACV Auctions

07/05/2024 01:42

* ACV Auctions Inc  ACVA.OQ   ACVA.O  is expected to show a
rise
in quarterly revenue when it reports  results on May 8 for the
period ending March 31 2024
    * The Buffalo New York-based  company is expected to report
a
20.3% increase in revenue to $143.964 million from $119.63
million a year ago, according to the mean estimate from 13
analysts, based on LSEG data.The company's guidance on February
21 2024, for the period ended March 31, was for revenue between
$141.00 million and $146.00 million.
    * ​LSEG's mean analyst estimate for ACV Auctions Inc is for
a loss
of 9 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "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 $22.00​, above​ its last closing price of $18.10. ​​​

The company's guidance on February 21 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD141 million and USD4 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.15       -0.15      -0.14     Beat    5.5
 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.        -0.19       -0.19      -0.15     Beat    20.7
 31 2022                                                
 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
 This summary was machine generated May 7 at 00:42 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)