RumbleOn Inc reports results for the quarter ended in December - Earnings Summary

RideNow

14/03/2024 13:32

* RumbleOn Inc  RMBL.OQ  reported a quarterly adjusted loss
of
$7.81​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of -80
cents.  The mean expectation of five analysts for the quarter
was for a loss of 51 cents per share. Wall Street expected
results to range from -57 cents to -46 cents per share.
    * Revenue fell 15.8% to $311.10 million from a year ago;
analysts
expected $339.48 million. 
    * RumbleOn Inc's reported EPS for the quarter was a loss of
$7.81​.
    * The company reported a quarterly loss of $168.5 million.
    * RumbleOn Inc shares had fallen by 12.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for RumbleOn Inc is
$10.00 
This summary was machine generated from LSEG data March 14 at
01:31 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
 Dec. 31 2023      -0.51          -7.81          Missed
 Sep. 30 2023      -0.51          -0.99          Missed
 Jun. 30 2023      0.23           -0.78          Missed
 Mar. 31 2023      -0.36          0.05           Beat