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

Rent the Runway

01/12/2023 21:10

* Rent the Runway Inc  RENT.OQ   RENT.O  is expected to show
a
fall in quarterly revenue when it reports  results  for the
period ending July 31 2023
    * The Brooklyn New York-based  company is expected to report
a
5.5% decrease in revenue to $73.143 million from $77.4 million a
year ago, according to the mean estimate from 7 analysts, based
on LSEG data.
    * ​LSEG'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 6 "strong buy" or "buy," 3
"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 $3.25​, above​ its last closing price of $0.54. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jul. 31 2023  -0.42       -0.43      -0.40     Beat    6
 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.        -0.65       -0.66      -0.53     Beat    19.1
 31 2022                                                
 Apr. 30 2022  -0.73       -0.73      -0.67     Beat    8.4​
 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 December 1 at 21:10 GMT.  All
figures in US dollars unless otherwise stated