ThredUp Inc reports results for the quarter ended in December - Earnings Summary

ThredUp

05/03/2024 23:42

* ThredUp Inc  TDUP.OQ  reported a quarterly adjusted loss
of 14
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -16
cents.  The mean expectation of nine analysts for the quarter
was for a loss of 13 cents per share. Wall Street expected
results to range from -14 cents to -12 cents per share.
    * Revenue rose 14.1% to $81.39 million from a year ago;
analysts
expected $80.33 million. 
    * ThredUp Inc's reported EPS for the quarter was a loss
of 14
cents​.
    * The company reported a quarterly loss of $14.61 million.
    * ThredUp Inc shares had risen by 4.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for ThredUp Inc is
$4.00 
This summary was machine generated from LSEG data March 5 at
11:42 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.13          -0.14          Missed
 Sep. 30 2023      -0.16          -0.17          Missed
 Jun. 30 2023      -0.23          -0.18          Beat
 Mar. 31 2023      -0.20          -0.19          Beat