ThredUp Inc reports results for the quarter ended in September 30 - Earnings Summary

ThredUp

05/11/2024 07:54

* ThredUp Inc  TDUP.OQ  reported a quarterly adjusted loss
of 13
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -17 cents.  The mean expectation of four analysts for the
quarter was for a loss of 15 cents per share. Wall Street
expected results to range from -15 cents to -14 cents per share.
    * Revenue fell 11% to $73.02 million from a year ago;
analysts
expected $70.10 million. 
    * ThredUp Inc's reported EPS for the quarter was a loss
of 22
cents​.
    * The company reported a quarterly loss of $24.77 million.
    * ThredUp Inc shares had fallen by 37.3% this quarter and
lost 76.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"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
3.00 
This summary was machine generated from LSEG data November 5 at
07:54 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
 Sep. 30 2024      -0.15          -0.13          Beat
 Jun. 30 2024      -0.11          -0.13          Missed
 Mar. 31 2024      -0.14          -0.15          Missed
 Dec. 31 2023      -0.13          -0.14          Missed