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

RideNow

10/05/2023 14:32

* RumbleOn Inc  RMBL.OQ  reported quarterly adjusted
earnings of 5
cents​​ per share for the quarter ended in March. The mean
expectation of six analysts for the quarter was for a loss of 36
cents per share.
    * Revenue fell 24.7% to $346.30 million from a year ago;
analysts
expected $334.51 million. 
    * RumbleOn Inc's reported EPS for the quarter was a loss of
$1.04​.
    * The mean earnings estimate of analysts had fallen by
about 225.9% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * RumbleOn Inc shares had risen by 22.9% this quarter and
gained 15.1% so far this year.
    * The company reported a quarterly loss of $16.9 million.
    * Wall Street's median 12-month price target for RumbleOn
Inc is
$11.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
10 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.90           0.87           Missed