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

Rent the Runway

06/12/2023 24:07

* Rent the Runway Inc  RENT.OQ  reported a quarterly
adjusted loss
of 45 cents​​ per share for the quarter ended in October, higher
than the same quarter last year, when the company reported EPS
of -56 cents.  The mean expectation of eight analysts for the
quarter was for a loss of 43 cents per share. Wall Street
expected results to range from -48 cents to -28 cents per share.
    * Revenue fell 6.3% to $72.50 million from a year ago;
analysts
expected $73.14 million. 
    * Rent the Runway Inc's reported EPS for the quarter was a
loss
of 45 cents​.
    * The company reported a quarterly loss of $31.5 million.
    * Rent the Runway Inc shares had fallen by 9.1% this
quarter and
lost 79.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.1%
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 6 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Rent the
Runway
Inc is $3.25 

This summary was machine generated from LSEG data December 6 at
12:06 a.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
 Oct. 31 2023      -0.43          -0.45          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