ACV Auctions Inc reports results for the quarter ended in December - Earnings Summary

ACV Auctions

22/02/2023 22:03

* ACV Auctions Inc  ACVA.OQ  reported a quarterly adjusted
loss
of 15 cents​​ per share for the quarter ended in December. The
mean expectation of fifteen analysts for the quarter was for a
loss of 19 cents per share.
    * Revenue fell 2.2% to $97.97 million from a year ago;
analysts
expected $99.25 million. 
    * ACV Auctions Inc's reported EPS for the quarter was a loss
of 15
cents​.
    * The mean earnings estimate of analysts had risen by
about 1.5%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * ACV Auctions Inc shares had risen by 28.1% this quarter.
    * The company reported a quarterly loss of $24.52 million.
    * Wall Street's median 12-month price target for ACV
Auctions Inc
is $14.00 
    * 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." 

This summary was machine generated from Refinitiv data February
22 at 10:02 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.19          -0.15          Beat
 Sep. 30 2022      -0.17          -0.15          Beat
 Jun. 30 2022      -0.18          -0.16          Beat
 Mar. 31 2022      -0.16          -0.19          Missed