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

Rent the Runway

09/12/2024 14:31

* Rent the Runway Inc  RENT.OQ  reported a quarterly
adjusted loss
of $4.94​​ per share for the quarter ended October 31, higher
than the same quarter last year, when the company reported EPS
of $-9.00.  The mean expectation of two analysts for the quarter
was for a loss of $4.98 per share. Wall Street expected
results to range from $-5.01 to $-4.96 per share.
    * Revenue rose 4.7% to $75.90 million from a year ago;
analysts
expected $76.05 million. 
    * Rent the Runway Inc's reported EPS for the quarter was a
loss of
$4.94​.
    * The company reported a quarterly loss of $18.9 million.
    * Rent the Runway Inc shares had risen by 33.0% this
quarter and
gained 21.5% so far this year.

FORECAST CHANGES
    * 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.

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is  "buy."

Wall Street's median 12-month price target for Rent the Runway
Inc is $33.00 
This summary was machine generated from LSEG data December 9 at
02:31 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
 Oct. 31 2024      -4.98          -4.94          Beat
 Jul. 31 2024      -5.47          -4.17          Beat
 Apr. 30 2024      -7.43          -6.03          Beat
 Jan. 31 2024      -6.53          -7.02          Missed