Revolve Group Inc expected to post earnings of 7  cents a share - Earnings Preview

Revolve

01/08/2023 03:07

* Revolve Group Inc  RVLV.N   RVLV.K  is expected to show a
fall
in quarterly revenue when it reports  results on August 2. 
    * The Cerritos California-based  company is expected to
report  a
5.5% decrease in revenue to $273.988 million from $290.05
million a year ago, according to the mean estimate from 16
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Revolve Group Inc
is for
earnings of 7 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 7
"hold" and 2 "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 $22.5​, above​ its last closing price of $19.72. ​​​

The company's guidance on May 3 2023 for the period ended June
30 was for gross profit margin between 53% and 53.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.15        0.15       0.19      Beat    25.7
 Dec. 31 2023  0.09        0.10       0.11      Beat    14.4
 Sep. 30 2022  0.08        0.09       0.16      Beat    87.1​
 Jun. 30 2022  0.30        0.31       0.22      Missed  -28.3
 ​​Mar.        0.27        0.27       0.30      Beat    12.3
 31 2022                                                
 Dec. 31 2021  0.19        0.18       0.39      Beat    113​
 Sep. 30 2021  0.15        0.14       0.22      Beat    52.2
 Jun. 30 2021  0.21        0.21       0.42      Beat    100.2
 This summary was machine generated August 1 at 02:06 GMT.  All
figures in US dollars  unless otherwise stated