ATRenew Inc expected to post earnings of 52 fen a share - Earnings Preview

Reuters05-17

* ATRenew Inc is expected to show a rise in quarterly revenue when it reports results on May 20 for the period ending March 31 2024

* The Shanghai-based company is expected to report a 24.0% increase in revenue to $3.562 billion from $2.87 billion a year ago, according to the estimate from one analyst, based on LSEG data.

* LSEG's mean analyst estimate for ATRenew Inc is for earnings of 52 fen per share.

* The one available analyst rating on the shares is "strong buy".

* 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, above its last closing price of $2.91.

This summary was machine generated May 17 at 12:47 GMT. 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)

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