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

Revolve

01/11/2023 22:45

* Revolve Group Inc  RVLV.N  reported quarterly adjusted
earnings
of 4 cents​​ per share for the quarter ended in September, lower
than the same quarter last year, when the company reported EPS
of 16 cents.  The mean expectation of seventeen analysts for the
quarter was for earnings of 10 cents per share. Wall Street
expected results to range from 8 cents to 12 cents per share.
    * Revenue fell 4.1% to $257.60 million from a year ago;
analysts
expected $254.12 million. 
    * Revolve Group Inc's reported EPS for the quarter was 4
cents​.
    * The company reported quarterly net income of $3.18
million.
    * Revolve Group Inc shares had risen by 1.0% this
quarter and
lost 38.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 23.7%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the department
stores
peer group is also "buy"

Wall Street's median 12-month price target for Revolve Group Inc
is $19.00 
This summary was machine generated from LSEG data November 1 at
10:45 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.10           0.04           Missed
 Jun. 30 2023      0.07           0.10           Beat
 Mar. 31 2023      0.15           0.19           Beat
 Dec. 31 2022      0.10           0.11           Beat