Rent the Runway Inc expected to post a loss of 49 cents a share - Earnings Preview

Rent the Runway

05/06/2023 21:10

* Rent the Runway Inc  RENT.OQ   RENT.O  is expected to show
a
rise in quarterly revenue when it reports  results on June 7. 
    * The Brooklyn New York-based  company is expected to report
 a
9.1% increase in revenue to $73.194 million from $67.1 million a
year ago, according to the mean estimate from 7 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Rent the Runway Inc
is
for a loss of 49 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 had fallen by
about 0.4%
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 $2.11. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jan. 31 2023  -0.50       -0.51      -0.40     Beat    21.3
 Oct. 31 2023  -0.55       -0.56      -0.56     Met     -0.6
 Jul. 31 2022  -0.65       -0.66      -0.53     Beat    19.1​
 Apr. 30 2022  -0.73       -0.73      -0.67     Beat    8.4
 ​​Jan.        -0.76       -0.70      -0.62     Beat    11.1
 31 2022                                                
 Oct. 31 2021  -1.30       -1.30      -6.72     Missed  -418.6
                                                        ​
 This summary was machine generated June 5 at 20:10 GMT.  All
figures in US dollars  unless otherwise stated