ThredUp Inc expected to post a loss of 14 cents a share - Earnings Preview

ThredUp

03/05/2024 23:15

* ThredUp Inc  TDUP.OQ   TDUP.O  is expected to show a rise
in
quarterly revenue when it reports  results on May 6 for the
period ending March 31 2024
    * The Oakland California-based  company is expected to
report a
5.6% increase in revenue to $80.136 million from $75.92 million
a year ago, according to the mean estimate from 6 analysts,
based on LSEG data.The company's guidance on March 4 2024, for
the period ended March 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 14 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 $1.68. ​​​

The company's guidance on March 4 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between 79 million and -810 thousand
(USD).The company's guidance on March 4 2024 for the period
ended March 31 was for gross profit margin between USD68.5% and
USD70.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.13       -0.13      -0.14     Missed  -9.1
 Sep. 30 2023  -0.16       -0.16      -0.17     Missed  -6.7
 Jan. 1 0001   -0.23       -0.23      -0.18     Beat    22​
 Mar. 31 2023  -0.20       -0.20      -0.19     Beat    5.5
 ​​Dec.        -0.20       -0.20      -0.16     Beat    20
 31 2022                                                
 Sep. 30 2022  -0.22       -0.22      -0.24     Missed  -10.7​
 Jan. 1 0001   -0.22       -0.22      -0.29     Missed  -32.8
 Jan. 1 0001   -0.20       -0.20      -0.21     Missed  -4.5
 This summary was machine generated May 3 at 22:14 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)