ThredUp Inc expected to post a loss of 23 cents a share - Earnings Preview

ThredUp

05/08/2023 03:10

* ThredUp Inc  TDUP.OQ   TDUP.O  is expected to show a rise
in
quarterly revenue when it reports  results on August 8. 
    * The Oakland California-based  company is expected to
report  a
6.0% increase in revenue to $80.993 million from $76.42 million
a year ago, according to the mean estimate from 10 analysts,
based on Refinitiv data. The company's guidance on May 9 2023,
for the period ended June 30, was for revenue between 80.00
million and 82.00 million.
    * ​Refinitiv's mean analyst estimate for ThredUp Inc is for
a loss
of 23 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "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
$4​, above​ its last closing price of $3.30. ​​​

The company's guidance on May 9 2023 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between 80 million and -6.15 million ().The
company's guidance on March 6 2023 for the period ended June 30
was for Capital Expenditures of 5 million.The company's guidance
on May 9 2023 for the period ended June 30 was for gross profit
margin between 64.5% and 66.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.20       -0.20      -0.19     Beat    5.5
 Dec. 31 2023  -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.        -0.20       -0.20      -0.21     Missed  -4.5
 31 2022                                                
 Dec. 31 2021  -0.16       -0.17      -0.18     Missed  -7.8​
 Sep. 30 2021  -0.16       -0.16      -0.15     Beat    6.3
 Jun. 30 2021  -0.16       -0.16      -0.15     Beat    6.3
 This summary was machine generated August 5 at 02:10 GMT.  All
figures in US dollars  unless otherwise stated