ATRenew Inc reports results for the quarter ended in March - Earnings Summary

Reuters05-20

* ATRenew Inc reported quarterly adjusted earnings of 13 fen per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 30 fen. The lone analyst forecast for the quarter was for earnings of 52 fen per share.

* Revenue rose 27.1% to CNY3.65 billion from a year ago; analysts expected CNY3.56 billion.

* ATRenew Inc's reported EPS for the quarter was a loss of 58 cents.

* The company reported a quarterly loss of $92.86 million.

* ATRenew Inc shares had risen by 60.8% this quarter and gained 47.4% so far this year.

FORECAST CHANGES

* In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

* The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

* The average consensus recommendation for the department stores peer group is also "strong buy"

Wall Street's median 12-month price target for ATRenew Inc is $3.15 This summary was machine generated from LSEG data May 20 at 01:31 p.m. UTC. All figures in Chinese yuan renminbi unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Mar. 31 2024 0.52 0.13 Missed

Jun. 30 2023 0.41 0.15 Missed

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