The RealReal (REAL) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
The RealReal (REAL) reported $130.86 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 15.3%. EPS of -$0.30 for the same period compares to -$0.40 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $132.56 million, representing a surprise of -1.29%. The company delivered an EPS surprise of +16.67%, with the consensus EPS estimate being -$0.36.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how The RealReal performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Active Buyers: 985 thousand versus 1031.4 thousand estimated by two analysts on average.
AOV (Average Order Value): $537 versus $481.14 estimated by two analysts on average.
Number of Orders: 789 versus 934.82 estimated by two analysts on average.
NMV (Net Merchandise Value): $303.92 million compared to the $331.92 million average estimate based on two analysts.
Take Rate: 36.7% versus 36.75% estimated by two analysts on average.
GMV (Gross Merchandise Value): $423.34 million compared to the $449.80 million average estimate based on two analysts.
Revenue- Direct Revenue: $20.89 million versus the four-analyst average estimate of $16.38 million. The reported number represents a year-over-year change of -51%.
View all Key Company Metrics for The RealReal here>>>
Shares of The RealReal have returned +0.9% over the past month versus the Zacks S&P 500 composite's +2.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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The RealReal, Inc. (REAL) : Free Stock Analysis Report
