* ACV Auctions Inc reported a quarterly adjusted loss of 10 cents per share for the quarter , higher than the same quarter last year, when the company reported EPS of -11 cents. The mean expectation of thirteen analysts for the quarter was for a loss of 11 cents per share. Wall Street expected results to range from -13 cents to -9 cents per share.
* Revenue rose 44% to $171.33 million from a year ago; analysts expected $160.42 million.
* ACV Auctions Inc's reported EPS for the quarter was a loss of 10 cents.
* The company reported a quarterly loss of $16.03 million.
* ACV Auctions Inc shares had fallen by 4.1% this quarter and gained 28.7% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 2.9% in the last three months.
* In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the online services peer group is also "buy"
Wall Street's median 12-month price target for ACV Auctions Inc is $24.00 This summary was machine generated from LSEG data November 8 at 09:05 p.m. UTC. All figures in US dollars 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
Sep. 30 2024 -0.11 -0.10 Beat
Jun. 30 2024 -0.11 -0.10 Beat
Mar. 31 2024 -0.09 -0.12 Missed
Dec. 31 2023 -0.15 -0.14 Beat
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