Revolve (RVLV) To Report Earnings Tomorrow: Here Is What To Expect
Online fashion retailer Revolve Group (NASDAQ: RVLV) will be reporting results tomorrow after the bell. Here's what to look for.
Last quarter Revolve reported revenues of $273.7 million, down 5.63% year on year, missing analyst expectations by 0.39%. It was a weaker quarter for the company, with slow revenue growth and a miss of analysts' revenue estimates. The company reported 2.46 million active buyers, up 13.5% 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 5.57% year on year to $253.7 million, a deceleration on the 10.1% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.09 per share.
The analysts covering the company have been growing increasingly bearish about the business heading into the earnings, with revenue estimates seeing four downward revisions over the last thirty days. 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 Q3 earnings results, giving us a hint of what we can expect. Overstock's revenues decreased 18.9% year on year, missing analyst estimates by 5.76%, and Meta reported revenues up 23.2% year on year, exceeding estimates by 2.03%. Overstock traded down 1.9% on the results, and Meta was up 4.8%.
Read our full analysis of Overstock's results here and Meta's results here.
Tech stocks have been facing declining investor sentiment since 2022, and while some of the consumer internet stocks have fared somewhat better, they have not been spared, with share price declining 7.35% over the last month. Revolve is down 6.34% during the same time, and is heading into the earnings with analyst price target of $19.3, compared to share price of $12.99.
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The author has no position in any of the stocks mentioned.
