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

RideNow

07/08/2024 14:33

* RumbleOn Inc  RMBL.OQ  reported a quarterly adjusted loss
of 2
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -78
cents.  The mean expectation of five analysts for the quarter
was for a loss of 9 cents per share. Wall Street expected
results to range from -28 cents to 8 cents per share.
    * Revenue fell 12% to $336.80 million from a year ago;
analysts
expected $383.85 million. 
    * RumbleOn Inc's reported EPS for the quarter was a loss
of 2
cents​.
    * The company reported a quarterly loss of $700 thousand.
    * RumbleOn Inc shares had fallen by 12.2% this quarter and
lost 55.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 34.6%
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 "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 auto
vehicles,
parts & service retailers peer group is also "buy"

Wall Street's median 12-month price target for RumbleOn Inc is
$9.00 
This summary was machine generated from LSEG data August 7 at
01:32 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 2024      -0.09          -0.02          Beat
 Mar. 31 2024      -0.33          -0.29          Beat
 Dec. 31 2023      -0.51          -7.81          Missed
 Sep. 30 2023      -0.51          -0.99          Missed