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

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2436105318?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-20 21:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2436105318","market":"sh","top_or_hot":-1,"title":"ATRenew Inc reports results for the quarter ended in March - Earnings Summary","media":"Reuters","content":"<html><body><p>* 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. </p><p>   * Revenue rose 27.1% to CNY3.65 billion from a year ago; analysts expected CNY3.56 billion. </p><p>   * ATRenew Inc's reported EPS for the quarter was a loss of 58 cents.</p><p>   * The company reported a quarterly loss of $92.86 million.</p><p>   * ATRenew Inc shares had risen by 60.8% this quarter and gained 47.4% so far this year.</p><p>FORECAST CHANGES</p><p>   * In the last 30 days, one analyst negatively revised an earnings estimate</p><p>RECOMMENDATIONS</p><p>   * 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.\" </p><p>   * The average consensus recommendation for the department stores peer group is also \"strong buy\"</p><p>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,</p><p>                                                MISSED</p><p>Mar. 31 2024      0.52           0.13           Missed</p><p>Jun. 30 2023      0.41           0.15           Missed</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ATRenew Inc reports results for the quarter ended in March - Earnings Summary</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nATRenew Inc reports results for the quarter ended in March - Earnings Summary\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-20 21:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>* 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 ...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RERE","symbol_name":"万物新生","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2436105318","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2436105318","pubTimestamp":1716211944,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"* 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 anal","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"RERE":"万物新生"},"translate_title":"ATRenew Inc.报告截至3月份的季度业绩——收益摘要","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RERE":0.9},"content_text":"* 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 estimateRECOMMENDATIONS   * 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,                                                MISSEDMar. 31 2024      0.52           0.13           MissedJun. 30 2023      0.41           0.15           Missed","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2436105318"}