Rent the Runway Inc expected to post a loss of 43 cents a share - Earnings Preview

Rent the Runway

06/09/2023 13:36

* Rent the Runway Inc  RENT.OQ   RENT.O  is expected to show
a
rise in quarterly revenue when it reports  results on September
8. 
    * The Brooklyn New York-based  company is expected to report
 a
2.3% increase in revenue to $78.253 million from $76.5 million a
year ago, according to the mean estimate from 8 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Rent the Runway Inc
is
for a loss of 43 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"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 $6​, above​ its last closing price of $1.46. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Apr. 30 2023  -0.48       -0.49      -0.46     Beat    6.4
 Jan. 31 2023  -0.50       -0.51      -0.40     Beat    21.3
 Oct. 31 2022  -0.55       -0.56      -0.56     Met     -0.6​
 Jul. 31 2022  -0.65       -0.66      -0.53     Beat    19.1
 ​​Apr.        -0.73       -0.73      -0.67     Beat    8.4
 30 2022                                                
 Jan. 31 2022  -0.76       -0.70      -0.62     Beat    11.1​
 Oct. 31 2021  -1.30       -1.30      -6.72     Missed  -418.6
 This summary was machine generated September 6 at 12:36 GMT. 
All figures in US dollars  unless otherwise stated