RideNow Group Inc reports results for the quarter ended June 30 - Earnings Summary
RideNow Group Inc reports results for the quarter ended June 30 - Earnings Summary
RideNow Group Inc RDNW.OQ reported quarterly adjusted earnings of 16 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 5 cents. The mean expectation of three analysts for the quarter was for earnings of 13 cents per share. Wall Street expected results to range from 11 cents to 14 cents per share.
Revenue fell 1% to $296.80 million from a year ago; analysts expected $319.74 million.
RideNow Group Inc's reported EPS for the quarter was 16 cents.
The company reported quarterly net income of $6.5 million.
RideNow Group Inc shares had fallen by 3.5% this quarter and gained 16.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 5.6% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy."
Wall Street's median 12-month price target for RideNow Group Inc is $9.00, about 28.6% above its last closing price of $6.43
This summary was machine generated from LSEG data August 11 at 09:01 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 2026 | 0.13 | 0.16 | Beat |
Mar. 31 2026 | -0.14 | -0.11 | Beat |
Dec. 31 2025 | -0.16 | -0.17 | Missed |
Sep. 30 2025 | -0.12 | -0.11 | Beat |
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