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

RideNow

08/05/2024 14:32

* RumbleOn Inc  RMBL.OQ  reported a quarterly adjusted loss
of 29
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 5
cents.  The mean expectation of five analysts for the quarter
was for a loss of 33 cents per share. Wall Street expected
results to range from -42 cents to -22 cents per share.
    * Revenue fell 11.1% to $307.80 million from a year ago;
analysts
expected $329.72 million. 
    * The company reported a quarterly loss of $10.3 million.
    * RumbleOn Inc shares had fallen by 24.3% this quarter and
lost 39.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 30.7%
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 May 8 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
 Mar. 31 2024      -0.33          -0.29          Beat
 Dec. 31 2023      -0.51          -7.81          Missed
 Sep. 30 2023      -0.51          -0.99          Missed
 Jun. 30 2023      0.23           -0.78          Missed