Rent the Runway Inc reports results for the quarter ended in July 31 - Earnings Summary

Rent the Runway

05/09/2024 22:01

* Rent the Runway Inc  RENT.OQ  reported a quarterly
adjusted loss
of $4.17​​ per share for the quarter ended July 31, higher than
the same quarter last year, when the company reported EPS of
$-8.00.  The mean expectation of two analysts for the quarter
was for a loss of $5.47 per share. Wall Street expected
results to range from $-5.86 to $-5.08 per share.
    * Revenue rose 4.2% to $78.90 million from a year ago;
analysts
expected $77.20 million. 
    * Rent the Runway Inc's reported EPS for the quarter was a
loss of
$4.17​.
    * The company reported a quarterly loss of $15.6 million.
    * Rent the Runway Inc shares had fallen by 20.4% this
quarter and
gained 32.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.5%
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 online
services
peer group is also "buy"

Wall Street's median 12-month price target for Rent the Runway
Inc is 37.00 
This summary was machine generated from LSEG data September 5 at
09:00 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
 Jul. 31 2024      -5.47          -4.17          Beat
 Apr. 30 2024      -7.43          -6.03          Beat
 Jan. 31 2024      -6.53          -7.02          Missed
 Oct. 31 2023      -8.55          -9.00          Missed