Rent the Runway Inc (RENT, Financial) is set to release its Q2 2024 earnings on Sep 5, 2024. The consensus estimate for Q2 2024 revenue is $77.20 million, and the earnings are expected to come in at -$5.47 per share. The full year 2024's revenue is expected to be $307.20 million and the earnings are expected to be -$20.72 per share. More detailed estimate data can be found on the Estimates page.
Rent the Runway Inc (RENT, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Rent the Runway Inc (RENT) for the full year 2024 have declined from $307.60 million to $307.20 million, and for 2025, estimates have decreased from $326.80 million to $324.40 million. Earnings estimates for the full year 2024 have improved from -$23.12 per share to -$20.72 per share, and for 2025, estimates have risen from -$23.09 per share to -$21.36 per share.
Rent the Runway Inc (RENT, Financial) Reported History
In the previous quarter of April 30, 2024, Rent the Runway Inc's (RENT) actual revenue was $75.00 million, which beat analysts' revenue expectations of $73.73 million by 1.72%. Rent the Runway Inc's (RENT) actual earnings were -$6.03 per share, which beat analysts' earnings expectations of -$7.44 per share by 18.90%. After releasing the results, Rent the Runway Inc (RENT) was flat in one day.
Rent the Runway Inc (RENT, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 2 analysts, the average target price for Rent the Runway Inc (RENT) is $37.00 with a high estimate of $40.00 and a low estimate of $34.00. The average target implies an upside of 205.03% from the current price of $12.13.
Based on GuruFocus estimates, the estimated GF Value for Rent the Runway Inc (RENT, Financial) in one year is $47.51, suggesting an upside of 291.67% from the current price of $12.13.
Based on the consensus recommendation from 3 brokerage firms, Rent the Runway Inc's (RENT, Financial) average brokerage recommendation is currently 2.0, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
