ThredUp Inc expected to post a loss of 15 cents a share - Earnings Preview

ThredUp

02/11/2024 03:55

* ThredUp Inc  TDUP.OQ   TDUP.O  is expected to show a fall
in
quarterly revenue when it reports  results on November 4 for the
period ending September 30 2024
    * The Oakland California-based  company is expected to
report a
14.6% decrease in revenue to $70.103 million from $82.05 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.The company's guidance on August 5 2024, for
the period ended September 30, was for revenue between $69.00
million and $71.00 million.
    * ​LSEG's mean analyst estimate for ThredUp Inc is for a
loss
of 15 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"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
$3.00​, above​ its last closing price of $0.55. ​​​

The company's guidance on August 5 2024 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 69 million and -2.84
million (USD).The company's guidance on August 5 2024 for the
period ended September 30 was for gross profit margin between
USD69.8% and USD71.8%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  -0.11       -0.11      -0.13     Missed  -20.4
 Mar. 31 2024  -0.14       -0.14      -0.15     Missed  -8.7
 Jan. 1 0001   -0.13       -0.13      -0.14     Missed  -9.1​
 Sep. 30 2023  -0.16       -0.16      -0.17     Missed  -6.7
 ​​Jan.        -0.23       -0.23      -0.18     Beat    22
 1 0001                                                 
 Mar. 31 2023  -0.20       -0.20      -0.19     Beat    5.5​
 Dec. 31 2022  -0.20       -0.20      -0.16     Beat    20
 Sep. 30 2022  -0.22       -0.22      -0.24     Missed  -10.7
 This summary was machine generated November 2 at 03:55 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)