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

Rent the Runway

08/09/2023 14:31

* Rent the Runway Inc  RENT.OQ  reported a quarterly
adjusted loss
of 40 cents​​ per share for the quarter ended in July. The mean
expectation of nine analysts for the quarter was for a loss
of 43 cents per share.
    * Revenue fell 1% to $75.70 million from a year ago;
analysts
expected $78.25 million. 
    * Rent the Runway Inc's reported EPS for the quarter was a
loss
of 40 cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Rent the Runway Inc shares had fallen by 31.3% this
quarter and
lost 55.4% so far this year.
    * The company reported a quarterly loss of $26.8 million.
    * Wall Street's median 12-month price target for Rent the
Runway
Inc is $6.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
September 8 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jul. 31 2023      -0.43          -0.40          Beat
 Apr. 30 2023      -0.49          -0.46          Beat
 Jan. 31 2023      -0.51          -0.40          Beat
 Oct. 31 2022      -0.56          -0.56          Met