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

ATRenew

20/05/2024 14:32

* ATRenew Inc  RERE.N  reported quarterly adjusted earnings
of 13
fen​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 30
fen.  The lone analyst forecast for the quarter was for earnings
of 52 fen per share. 
    * Revenue rose 27.1% to CNY3.65 billion from a year ago;
analysts
expected CNY3.56 billion. 
    * ATRenew Inc's reported EPS for the quarter was a loss
of 58
cents​.
    * The company reported a quarterly loss of $92.86 million.
    * ATRenew Inc shares had risen by 60.8% this quarter and
gained 47.4% so far this year.

FORECAST CHANGES
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 1 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the department
stores
peer group is also "strong buy"

Wall Street's median 12-month price target for ATRenew Inc is
$3.15 
This summary was machine generated from LSEG data May 20 at
01:31 p.m. UTC. ​All figures in Chinese yuan renminbi 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
 Mar. 31 2024      0.52           0.13           Missed
 Jun. 30 2023      0.41           0.15           Missed