Rent the Runway Inc reports results for the quarter ended in January - Earnings Summary
10/04/2024 22:01
* Rent the Runway Inc RENT.OQ reported a quarterly
adjusted loss
of $7.02 per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of $-8.00. The mean expectation of three analysts for the
quarter was for a loss of $6.53 per share. Wall Street expected
results to range from $-8.00 to $-5.80 per share.
* Revenue rose 0.5% to $75.80 million from a year ago;
analysts
expected $74.10 million.
* Rent the Runway Inc's reported EPS for the quarter was a
loss of
$7.02.
* The company reported a quarterly loss of $24.8 million.
* Rent the Runway Inc shares had fallen by 21.4% this
quarter and
lost 48.5% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 9.3%
in the last three months.
* In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.
RECOMMENDATIONS
* 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 average consensus recommendation for the apparel &
accessories peer group is also "buy"
Wall Street's median 12-month price target for Rent the Runway
Inc is $50.00
This summary was machine generated from LSEG data April 10 at
09:01 p.m. UTC. 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Jan. 31 2024 -6.53 -7.02 Missed
Oct. 31 2023 -8.55 -9.00 Missed
Jul. 31 2023 -8.51 -8.00 Beat
Apr. 30 2023 -9.82 -9.20 Beat