Revolve Group Inc expected to post earnings of 8 cents a share - Earnings Preview

Revolve

04/05/2024 03:08

* Revolve Group Inc  RVLV.N   RVLV.K  is expected to show a
fall
in quarterly revenue when it reports  results on May 7 for the
period ending March 31 2024
    * The Cerritos California-based  company is expected to
report a
2.8% decrease in revenue to $271.831 million from $279.61
million a year ago, according to the mean estimate from 16
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Revolve Group Inc is for
earnings of 8 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 8
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 2.3%
in the last three months. ​
    * Wall Street's median 12-month price target for Revolve
Group Inc
is $20.00​, above​ its last closing price of $19.67. ​​​

The company's guidance on February 27 2024 for the period ended
March 31 was for gross profit margin between 51.4% and 51.9%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.03        0.02       0.05      Beat    115
 Jan. 1 2023   0.10        0.07       0.04      Missed  -58.8
 Jun. 30 2023  0.07        0.07       0.10      Beat    46.5​
 Jan. 1 0001   0.15        0.15       0.19      Beat    25.7
 ​​Dec.        0.09        0.10       0.11      Beat    14.4
 31 2022                                                
 Sep. 30 2022  0.08        0.09       0.16      Beat    87.1​
 Jan. 1 0001   0.30        0.31       0.22      Missed  -28.3
 Jan. 1 0001   0.27        0.27       0.30      Beat    12.3
 This summary was machine generated May 4 at 02:08 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)