Revolve Group Inc expected to post earnings of 2 cents a share - Earnings Preview

Revolve

23/02/2024 21:35

* Revolve Group Inc  RVLV.N   RVLV.K  is expected to show a
fall
in quarterly revenue when it reports  results on February 27 for
the period ending December 31 2023
    * The Cerritos California-based  company is expected to
report a
4.9% decrease in revenue to $246.378 million from $259.15
million a year ago, according to the mean estimate from 18
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Revolve Group Inc is for
earnings of 2 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 10
"hold" and 3 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Revolve
Group Inc
is $16.00​, below​ its last closing price of $16.22. ​​​

The company's guidance on November 1 2023 for the period ended
December 31 was for gross profit margin between 51.7% and 52%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.10        0.10       0.04      Missed  -58.8
 Jun. 30 2023  0.07        0.07       0.10      Beat    46.5
 Mar. 31 2023  0.15        0.15       0.19      Beat    25.7​
 Dec. 31 2022  0.09        0.10       0.11      Beat    14.4
 ​​Sep.        0.08        0.09       0.16      Beat    87.1
 30 2022                                                
 Jun. 30 2022  0.30        0.31       0.22      Missed  -28.3​
 Mar. 31 2022  0.27        0.27       0.30      Beat    12.3
 Dec. 31 2021  0.19        0.18       0.39      Beat    113
 This summary was machine generated February 23 at 21:35 GMT. 
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)