ATRenew Inc reports results for the quarter ended in June - Earnings Summary

ATRenew

23/08/2023 14:31

* ATRenew Inc  RERE.N  reported quarterly adjusted earnings
of 15
fen​​ per share for the quarter ended in June. The lone analyst
forecast for the quarter was for earnings of 41 fen per share.
    * Revenue rose 42.2% to CNY2.64 billion from a year ago;
analysts
expected CNY2.86 billion. 
    * 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. 
    * ATRenew Inc shares had fallen by 20.5% this quarter and
lost 19.7% so far this year.
    * Wall Street's median 12-month price target for ATRenew Inc
is
$12.10 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 23 at 01:31 p.m. UTC. ​All figures in Chinese yuan
renminbi unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.41           0.15           Missed
 Mar. 31 2023      0.21           0.30           Beat
 Sep. 30 2022      -0.19          0.30           Beat