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

Rent the Runway

07/12/2022 22:01

* Rent the Runway Inc  RENT.OQ  reported a quarterly
adjusted loss
of 56 cents​​ per share for the quarter ended in October. The
mean expectation of eleven analysts for the quarter was for a
loss of 56 cents per share.
    * Revenue rose 31.2% to $77.40 million from a year ago;
analysts
expected $72.91 million. 
    * Rent the Runway Inc's reported EPS for the quarter was a
loss
of 56 cents​.
    * The mean earnings estimate of analysts had risen by
about 21.2%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Rent the Runway Inc shares had fallen by 38.6% this
quarter and
lost 83.4% so far this year.
    * The company reported a quarterly loss of $36.2 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," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data December
7 at 10:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2022      -0.56          -0.56          Met
 Jul. 31 2022      -0.66          -0.53          Beat
 Apr. 30 2022      -0.73          -0.67          Beat
 Jan. 31 2022      -0.70          -0.62          Beat