* Rent the Runway Inc reported a quarterly adjusted loss of $4.94 per share for the quarter ended October 31, higher than the same quarter last year, when the company reported EPS of $-9.00. The mean expectation of two analysts for the quarter was for a loss of $4.98 per share. Wall Street expected results to range from $-5.01 to $-4.96 per share.
* Revenue rose 4.7% to $75.90 million from a year ago; analysts expected $76.05 million.
* Rent the Runway Inc's reported EPS for the quarter was a loss of $4.94.
* The company reported a quarterly loss of $18.9 million.
* Rent the Runway Inc shares had risen by 33.0% this quarter and gained 21.5% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts was unchanged in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the online services peer group is "buy."
Wall Street's median 12-month price target for Rent the Runway Inc is $33.00 This summary was machine generated from LSEG data December 9 at 02:31 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
Oct. 31 2024 -4.98 -4.94 Beat
Jul. 31 2024 -5.47 -4.17 Beat
Apr. 30 2024 -7.43 -6.03 Beat
Jan. 31 2024 -6.53 -7.02 Missed
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