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

ThredUp

07/05/2024 04:22

* ThredUp Inc  TDUP.OQ  reported a quarterly adjusted loss
of 15
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -19
cents.  The mean expectation of six analysts for the quarter was
for a loss of 14 cents per share. Wall Street expected
results to range from -15 cents to -13 cents per share.
    * Revenue rose 4.8% to $79.59 million from a year ago;
analysts
expected $80.14 million. 
    * ThredUp Inc's reported EPS for the quarter was a loss
of 15
cents​.
    * The company reported a quarterly loss of $16.55 million.
    * ThredUp Inc shares had fallen by 10.0% this quarter and
lost 20.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 13.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 May 7 at 03:21
a.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
 Mar. 31 2024      -0.14          -0.15          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