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

ThredUp

05/08/2024 22:21

* ThredUp Inc  TDUP.OQ  reported a quarterly adjusted loss
of 13
cents​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of -18
cents.  The mean expectation of six analysts for the quarter was
for a loss of 11 cents per share. Wall Street expected
results to range from -13 cents to -9 cents per share.
    * Revenue fell 3.5% to $79.76 million from a year ago;
analysts
expected $82.48 million. 
    * ThredUp Inc's reported EPS for the quarter was a loss
of 13
cents​.
    * The company reported a quarterly loss of $13.95 million.
    * ThredUp Inc shares had risen by 7.9% this quarter and
lost 18.4%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 20.6%
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," no
"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 August 5 at
09:21 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
 Jun. 30 2024      -0.11          -0.13          Missed
 Mar. 31 2024      -0.14          -0.15          Missed
 Dec. 31 2023      -0.13          -0.14          Missed
 Sep. 30 2023      -0.16          -0.17          Missed