ATRenew Inc reports results for the quarter ended September 30 - Earnings Summary

ATRenew

20/11/2024 14:31

* ATRenew Inc  RERE.N  reported quarterly adjusted earnings
of 37
fen​​ per share for the quarter ended September 30.  The lone
analyst forecast for the quarter was for earnings of 55 fen per
share. 
    * Revenue rose 24.4% to CNY4.05 billion from a year ago;
analysts
expected CNY4.02 billion. 
    * ATRenew Inc's reported EPS for the quarter was 7 fen​.
    * The company reported quarterly net income of CNY17.88
million.
    * ATRenew Inc shares had fallen by 11.5% this quarter and
gained 28.1% so far this year.

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
"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 November 20 at
02:31 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
 Sep. 30 2024      0.55           0.37           Missed
 Jun. 30 2024      0.50           0.32           Missed
 Mar. 31 2024      0.52           0.13           Missed