ThredUp Inc expected to post a loss of 15 cents a share - Earnings Preview

Reuters
2024-11-02

* ThredUp Inc is expected to show a fall in quarterly revenue when it reports results on November 4 for the period ending September 30 2024

* The Oakland California-based company is expected to report a 14.6% decrease in revenue to $70.103 million from $82.05 million a year ago, according to the mean estimate from 4 analysts, based on LSEG data.The company's guidance on August 5 2024, for the period ended September 30, was for revenue between $69.00 million and $71.00 million.

* ​LSEG's mean analyst estimate for ThredUp Inc is for a loss of 15 cents per share.

* 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 mean earnings estimate of analysts was unchanged in the last three months. ​

* Wall Street's median 12-month price target for ThredUp Inc is $3.00​, above​ its last closing price of $0.55. ​​​

The company's guidance on August 5 2024 for the period ended September 30 was for Earnings before Interest, Taxes, Depreciation and Amortization of between 69 million and -2.84 million $(USD)$.The company's guidance on August 5 2024 for the period ended September 30 was for gross profit margin between USD69.8% and USD71.8%. Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Jun. 30 2024 -0.11 -0.11 -0.13 Missed -20.4

Mar. 31 2024 -0.14 -0.14 -0.15 Missed -8.7

Jan. 1 0001 -0.13 -0.13 -0.14 Missed -9.1​

Sep. 30 2023 -0.16 -0.16 -0.17 Missed -6.7

​​Jan. -0.23 -0.23 -0.18 Beat 22

1 0001

Mar. 31 2023 -0.20 -0.20 -0.19 Beat 5.5​

Dec. 31 2022 -0.20 -0.20 -0.16 Beat 20

Sep. 30 2022 -0.22 -0.22 -0.24 Missed -10.7

This summary was machine generated November 2 at 03:55 GMT. 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)

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