Revolve Group Inc reports results for the quarter ended in June - Earnings Summary

Revolve

06/08/2024 23:53

* Revolve Group Inc  RVLV.N  reported quarterly adjusted
earnings
of 21 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of 10 cents.  The mean expectation of sixteen analysts for the
quarter was for earnings of 13 cents per share. Wall Street
expected results to range from 10 cents to 15 cents per share.
    * Revenue rose 3.2% to $282.46 million from a year ago;
analysts
expected $277.20 million. 
    * Revolve Group Inc's reported EPS for the quarter was 21
cents​.
    * The company reported quarterly net income of $15.38
million.
    * Revolve Group Inc shares had risen by 12.0% this
quarter and
gained 7.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.9%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 8
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the department
stores
peer group is also "hold"

Wall Street's median 12-month price target for Revolve Group Inc
is $20.00 
This summary was machine generated from LSEG data August 6 at
10:53 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
 Jun. 30 2024      0.13           0.21           Beat
 Mar. 31 2024      0.08           0.15           Beat
 Dec. 31 2023      0.02           0.05           Beat
 Sep. 30 2023      0.10           0.04           Missed