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

ACV Auctions

09/11/2022 22:03

* ACV Auctions Inc  ACVA.OQ  reported a quarterly adjusted
loss
of 15 cents​​ per share for the quarter ended in September. The
mean expectation of fifteen analysts for the quarter was for a
loss of 17 cents per share.
    * Revenue rose 14.8% to $105.42 million from a year ago;
analysts
expected $104.77 million. 
    * ACV Auctions Inc's reported EPS for the quarter was a loss
of 15
cents​.
    * The mean earnings estimate of analysts had fallen by
about 4.9%
in the last three months.​ 
    * In the last 30 days three analysts negatively revised
earnings
estimates 
    * ACV Auctions Inc shares had fallen by 2.9% this
quarter and
lost 63.0% so far this year.
    * The company reported a quarterly loss of $23.67 million.
    * Wall Street's median 12-month price target for ACV
Auctions Inc
is $15.00 
    * 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." 

This summary was machine generated from Refinitiv data November
9 at 10:03 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      -0.17          -0.15          Beat
 Jun. 30 2022      -0.18          -0.16          Beat
 Mar. 31 2022      -0.16          -0.19          Missed
 Dec. 31 2021      -0.20          -0.17          Beat