ThredUp Inc expected to post a loss of 20 cents a share - Earnings Preview

ThredUp

03/03/2023 23:23

* ThredUp Inc  TDUP.OQ   TDUP.O  is expected to show a fall
in
quarterly revenue when it reports  results on March 6. 
    * The Oakland California-based  company is expected to
report  a
13.5% decrease in revenue to $63.034 million from $72.88 million
a year ago, according to the mean estimate from 11 analysts,
based on Refinitiv data. The company's guidance on November 14
2022, for the period ended December 31, was for revenue between
62.00 million and 64.00 million.
    * ​Refinitiv's mean analyst estimate for ThredUp Inc is for
a loss
of 20 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 4
"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
$3.5​, above​ its last closing price of $1.60. ​​​

The company's guidance on November 14 2022 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 62 million and -9.28
million ().The company's guidance on November 14 2022 for the
period ended December 31 was for Capital Expenditures between 5
million and 6 million.The company's guidance on November 14 2022
for the period ended December 31 was for gross profit margin
between 62% and 64%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  -0.22       -0.22      -0.24     Missed  -10.7
 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
 ​​Sep.        -0.16       -0.16      -0.15     Beat    6.3
 30 2021                                                
 Jun. 30 2021  -0.16       -0.16      -0.15     Beat    6.3​
 Mar. 31 2021  -0.16       -0.16      -0.17     Missed  -6.2
 This summary was machine generated March 3 at 23:22 GMT.  All
figures in US dollars  unless otherwise stated