Revolve Group Inc reports results for the quarter ended in September 30 - Earnings Summary

Revolve

06/11/2024 04:36

* Revolve Group Inc  RVLV.N  reported quarterly adjusted
earnings
of 15 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of 4 cents.  The mean expectation of
sixteen analysts for the quarter was for earnings of 10 cents
per share. Wall Street expected results to range from 6 cents
to 14 cents per share.
    * Revenue rose 9.9% to $283.15 million from a year ago;
analysts
expected $271.02 million. 
    * Revolve Group Inc's reported EPS for the quarter was 15
cents​.
    * The company reported quarterly net income of $10.97
million.
    * Revolve Group Inc shares had risen by 2.0% this
quarter and
gained 52.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.2%
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 "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 7
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the department
stores
peer group is  "hold."

Wall Street's median 12-month price target for Revolve Group Inc
is $28.50 
This summary was machine generated from LSEG data November 6 at
04:35 a.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
 Sep. 30 2024      0.10           0.15           Beat
 Jun. 30 2024      0.13           0.21           Beat
 Mar. 31 2024      0.08           0.15           Beat
 Dec. 31 2023      0.02           0.05           Beat