What To Expect From Revolve’s (RVLV) Q4 Earnings
Online fashion retailer Revolve Group (NASDAQ: RVLV) will be announcing earnings results tomorrow afternoon. Here's what to expect.
Last quarter Revolve reported revenues of $257.6 million, down 4.1% year on year, beating analyst revenue expectations by 1.5%. It was a mixed quarter for the company, with solid growth in its user base but slow revenue growth. The company reported 2.51 million active buyers, up 11.6% year on year.
Is Revolve buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Revolve's revenue to decline 5.1% year on year to $246 million, a deceleration on the 8.1% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.03 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 missed Wall St's revenue estimates three times over the last two years.
Looking at Revolve's peers in the consumer internet segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Wayfair delivered top-line growth of 0.4% year on year, beating analyst estimates by 0.2%. Wayfair traded up 3.6% on the results.
Read our full analysis of Wayfair's results here.
Investors in the consumer internet segment have had steady hands going into the earnings, with the stocks down on average 1.3% over the last month. Revolve is up 5.2% during the same time, and is heading into the earnings with analyst price target of $16.8, compared to share price of $16.2.
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