Rent the Runway Inc expected to post a loss of $6.53 a share - Earnings Preview
08/04/2024 21:03
* Rent the Runway Inc RENT.OQ RENT.O is expected to show
a
fall in quarterly revenue when it reports results on April 10
for the period ending January 31 2024
* The Brooklyn New York-based company is expected to report
a
1.7% decrease in revenue to $74.1 million from $75.4 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 $6.53 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 $50.00, above its last closing price of $4.78.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Oct. 31 2023 -8.45 -8.55 -9.00 Missed -5.3
Jul. 31 2023 -8.40 -8.51 -8.00 Beat 6
Apr. 30 2023 -9.62 -9.82 -9.20 Beat 6.4
Jan. 31 2023 -10.00 -10.16 -8.00 Beat 21.3
Oct. -11.04 -11.13 -11.20 Missed -0.6
31 2022
Jul. 31 2022 -12.96 -13.10 -10.60 Beat 19.1
Apr. 30 2022 -14.67 -14.63 -13.40 Beat 8.4
Jan. 31 2022 -15.20 -13.94 -12.40 Beat 11.1
This summary was machine generated April 8 at 20:03 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)