Revolve Group Inc RVLV.N reported quarterly adjusted earnings of 14 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 21 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 13 cents per share. Wall Street expected results to range from 9 cents to 18 cents per share.
Revenue rose 9.4% to $308.97 million from a year ago; analysts expected $297.40 million.
Revolve Group Inc's reported EPS for the quarter was 14 cents.
The company reported quarterly net income of $10.16 million.
Revolve Group Inc shares had risen by 1.8% this quarter and lost 39.1% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 13.9% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 5 "hold" and 1 "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 $23.00, about 10% above its last closing price of $20.70
This summary was machine generated from LSEG data August 5 at 09:00 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)