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

RideNow

09/08/2023 14:32

* RumbleOn Inc  RMBL.OQ  reported quarterly adjusted
earnings of 2
cents​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for earnings of
23 cents per share.
    * Revenue fell 29.9% to $382.73 million from a year ago;
analysts
expected $408.14 million. 
    * RumbleOn Inc's reported EPS for the quarter was a loss
of 83
cents​.
    * The mean earnings estimate of analysts had risen by
about 76.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * RumbleOn Inc shares had fallen by 16.4% this quarter and
gained 59.7% so far this year.
    * The company reported a quarterly loss of $13.59 million.
    * Wall Street's median 12-month price target for RumbleOn
Inc is
$12.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.23           0.02           Missed
 Mar. 31 2023      -0.36          0.05           Beat
 Dec. 31 2022      -0.14          -0.80          Missed
 Sep. 30 2022      0.65           0.19           Missed