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

ThredUp

06/05/2023 24:54

* ThredUp Inc  TDUP.OQ   TDUP.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 9. 
    * The Oakland California-based  company is expected to
report  a
0.7% decrease in revenue to $72.195 million from $72.7 million a
year ago, according to the mean estimate from 11 analysts, based
on Refinitiv data. The company's guidance on March 6 2023, for
the period ended March 31, was for revenue between 71.00 million
and 73.00 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 had risen by
about 0.5%
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 $2.68. ​​​

The company's guidance on March 6 2023 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between 71 million and -7 million ().The
company's guidance on March 6 2023 for the period ended March 31
was for Capital Expenditures of 6 million.The company's guidance
on March 6 2023 for the period ended March 31 was for gross
profit margin between 66% and 68%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  -0.20       -0.20      -0.16     Beat    20
 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.        -0.16       -0.17      -0.18     Missed  -7.8
 31 2021                                                
 Sep. 30 2021  -0.16       -0.16      -0.15     Beat    6.3​
 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 May 5 at 23:54 GMT.  All
figures in US dollars  unless otherwise stated