Online fashion retailer Revolve (NASDAQ:RVLV) will be reporting results tomorrow after the bell. Here’s what to expect.
Revolve beat analysts’ revenue expectations by 4.4% last quarter, reporting revenues of $283.1 million, up 9.9% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a narrow beat of analysts’ number of active customers estimates. It reported 2.63 million active buyers, up 4.7% year on year.
Is Revolve a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Revolve’s revenue to grow 9.7% year on year to $282.9 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.10 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Revolve has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Revolve’s peers in the online retail segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Carvana delivered year-on-year revenue growth of 46.3%, beating analysts’ expectations by 6.2%, and Amazon reported revenues up 10.5%, in line with consensus estimates. Carvana traded down 12% following the results while Amazon was also down 4%.
Read our full analysis of Carvana’s results here and Amazon’s results here.
Investors in the online retail segment have had steady hands going into earnings, with share prices flat over the last month. Revolve is down 7.5% during the same time and is heading into earnings with an average analyst price target of $31.59 (compared to the current share price of $29.01).
Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.