ThredUp Inc expected to post a loss of 13 cents a share - Earnings Preview

ThredUp

01/03/2024 21:20

* ThredUp Inc  TDUP.OQ   TDUP.O  is expected to show a rise
in
quarterly revenue when it reports  results on March 4 for the
period ending December 31 2023
    * The Oakland California-based  company is expected to
report a
12.6% increase in revenue to $80.329 million from $71.32 million
a year ago, according to the mean estimate from 8 analysts,
based on LSEG data.The company's guidance on November 6 2023,
for the period ended December 31, was for revenue between $79.00
million and $81.00 million.
    * ​LSEG's mean analyst estimate for ThredUp Inc is for a
loss
of 13 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"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 $2.00. ​​​

The company's guidance on November 6 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 79 million and 0
(USD).The company's guidance on November 6 2023 for the period
ended December 31 was for gross profit margin between USD61% and
USD63%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.16       -0.16      -0.17     Missed  -6.7
 Jun. 30 2023  -0.23       -0.23      -0.18     Beat    22
 Mar. 31 2023  -0.20       -0.20      -0.19     Beat    5.5​
 Dec. 31 2022  -0.20       -0.20      -0.16     Beat    20
 ​​Sep.        -0.22       -0.22      -0.24     Missed  -10.7
 30 2022                                                
 Jun. 30 2022  -0.22       -0.22      -0.29     Missed  -32.8​
 Mar. 31 2022  -0.20       -0.20      -0.21     Missed  -4.5
 Dec. 31 2021  -0.16       -0.17      -0.18     Missed  -7.8
 This summary was machine generated March 1 at 21:20 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)