Rent the Runway Inc expected to post a loss of $5.47 a share - Earnings Preview

Rent the Runway

03/09/2024 21:09

* Rent the Runway Inc  RENT.OQ   RENT.O  is expected to show
a
rise in quarterly revenue when it reports  results on September
5 for the period ending July 31 2024
    * The Brooklyn New York-based  company is expected to report
a
2.0% increase in revenue to $77.2 million from $75.7 million a
year ago, according to the mean estimate from 3 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Rent the Runway Inc is
for a
loss of $5.47 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"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 $37.00​, above​ its last closing price of $13.32. ​​​

This summary was machine generated September 3 at 20:09 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)