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

Revolve

08/05/2024 24:04

* Revolve Group Inc  RVLV.N  reported quarterly adjusted
earnings
of 15 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 19 cents.  The mean expectation of seventeen analysts for the
quarter was for earnings of 8 cents per share. Wall Street
expected results to range from 2 cents to 13 cents per share.
    * Revenue fell 3.2% to $270.58 million from a year ago;
analysts
expected $271.83 million. 
    * Revolve Group Inc's reported EPS for the quarter was 15
cents​.
    * The company reported quarterly net income of $10.87
million.
    * Revolve Group Inc shares had fallen by 2.1% this
quarter and
gained 25.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 40.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 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 May 7 at 11:03
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
 Mar. 31 2024      0.08           0.15           Beat
 Dec. 31 2023      0.02           0.05           Beat
 Sep. 30 2023      0.10           0.04           Missed
 Jun. 30 2023      0.07           0.10           Beat