Rent the Runway Inc expected to post a loss of $4.98 a share - Earnings Preview

Rent the Runway

06/12/2024 13:44

* Rent the Runway Inc  RENT.OQ   RENT.O  is expected to show
a
rise in quarterly revenue when it reports  results on December 9
for the period ending October 31 2024
    * The Brooklyn New York-based  company is expected to report
a
4.9% increase in revenue to $76.05 million from $72.5 million a
year ago, according to the mean estimate from 2 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Rent the Runway Inc is
for a
loss of $4.98 per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Rent the
Runway
Inc is $33.00​, above​ its last closing price of $11.25. ​​​

This summary was machine generated December 6 at 13:44 GMT.  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)