ThredUp Earnings: What To Look For From TDUP
Stock Story
Published Mar 04, 2024 04:29AM ET
Updated Mar 04, 2024 07:31AM ET
ThredUp Earnings: What To Look For From TDUP
Online fashion resale marketplace ThredUp (NASDAQ:TDUP) will be reporting results today after market close. Here's what to expect.
Last quarter ThredUp reported revenues of $82.05 million, up 20.8% year on year, missing analyst expectations by 1.1%. It was a weak quarter for the company, with a miss of analysts' revenue estimates. Sales guidance for the next quarter also fell below consensus.
Is ThredUp buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting ThredUp's revenue to grow 12.6% year on year to $80.33 million, improving on the 2.1% year-over-year decline in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.13 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company only missed Wall St's revenue estimates once over the last two years, and has on average exceeded top line expectations by 3.7%.
Looking at ThredUp's peers in the apparel, accessories and luxury goods segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Tapestry (NYSE:TPR) delivered top-line growth of 2.9% year on year, beating analyst estimates by 1.4% and Figs reported revenues up 0% year on year, missing analyst estimates by 2.8%. Tapestry traded up 2.6% on the results, Figs was flat on the results.
Read the full analysis of Tapestry's and Figs's results on StockStory.
There has been positive sentiment among investors in the apparel, accessories and luxury goods segment, with the stocks up on average 2.2% over the last month. ThredUp is up 13% during the same time, and is heading into the earnings with analyst price target of $3.9, compared to share price of $2.17.
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Written By: Stock Story
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