Rent the Runway Inc expected to post a loss of $7.43 a share - Earnings Preview

Rent the Runway

04/06/2024 21:09

* Rent the Runway Inc  RENT.OQ   RENT.O  is expected to show
a
fall in quarterly revenue when it reports  results on June 6 for
the period ending January 1 0001
    * The Brooklyn New York-based  company is expected to report
a
0.6% decrease in revenue to $73.733 million from $74.2 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 $7.43 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 had fallen by
about 13.6%
in the last three months. ​
    * Wall Street's median 12-month price target for Rent the
Runway
Inc is $20.50​, below​ its last closing price of $23.40. ​​​

This summary was machine generated June 4 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)