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

ACV Auctions

23/02/2024 03:02

* ACV Auctions Inc  ACVA.OQ  reported a quarterly adjusted
loss
of 14 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -15 cents.  The mean expectation of
thirteen analysts for the quarter was for a loss of 15 cents per
share. Wall Street expected results to range from -16 cents
to -13 cents per share.
    * Revenue rose 20.8% to $118.38 million from a year ago;
analysts
expected $118.26 million. 
    * ACV Auctions Inc's reported EPS for the quarter was a loss
of 14
cents​.
    * The company reported a quarterly loss of $23.24 million.
    * ACV Auctions Inc shares had fallen by 7.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for ACV Auctions Inc
is $22.00 
This summary was machine generated from LSEG data February 23 at
03:01 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.15          -0.14          Beat
 Sep. 30 2023      -0.15          -0.11          Beat
 Jun. 30 2023      -0.14          -0.10          Beat
 Mar. 31 2023      -0.16          -0.03          Beat