ThredUp Inc expected to post a loss of 11 cents a share - Earnings Preview

ThredUp

03/08/2024 03:02

* ThredUp Inc  TDUP.OQ   TDUP.O  is expected to show a fall
in
quarterly revenue when it reports  results on August 5 for the
period ending June 30 2024
    * The Oakland California-based  company is expected to
report a
0.2% decrease in revenue to $82.48 million from $82.66 million a
year ago, according to the mean estimate from 5 analysts, based
on LSEG data.The company's guidance on May 6 2024, for the
period ended June 30, was for revenue between $81.00 million and
$83.00 million.
    * ​LSEG's mean analyst estimate for ThredUp Inc is for a
loss
of 11 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for ThredUp Inc
is
$4.00​, above​ its last closing price of $1.84. ​​​

The company's guidance on May 6 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD81 million and USD2.49 million.The
company's guidance on May 6 2024 for the period ended June 30
was for gross profit margin between USD71% and USD73%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.14       -0.14      -0.15     Missed  -8.7
 Jan. 1 2024   -0.13                  -0.14             -9.1
 Jun. 30 2023  -0.16       -0.16      -0.17     Missed  -6.7​
 Jun. 30 2023  -0.23       -0.23      -0.18     Beat    22
 ​​Jan.        -0.20       -0.20      -0.19     Beat    5.5
 1 0001                                                 
 Dec. 31 2022  -0.20       -0.20      -0.16     Beat    20​
 Jan. 1 0001   -0.22       -0.22      -0.24     Missed  -10.7
 Jan. 1 0001   -0.22       -0.22      -0.29     Missed  -32.8
 This summary was machine generated August 3 at 02:02 GMT.  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)