Revolve (RVLV) Reports Earnings Tomorrow. What To Expect

Adam Hejl /
2022/11/01 4:01 am EDT

Online fashion retailer Revolve Group (NASDAQ: RVLV) will be reporting earnings tomorrow after market close. Here's what investors should know.

Last quarter Revolve reported revenues of $290 million, up 26.8% year on year, missing analyst expectations by 0.96%. It was a mixed quarter for the company, with growing number of users but a miss of the top line analyst estimates. The company reported 2.16 million active buyers, up 39.3% year on year.

Is Revolve buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Revolve's revenue to grow 5.59% year on year to $257.7 million, slowing down from the 61.5% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.09 per share.

Revolve Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates twice over the last two years.

Looking at Revolve's peers in the consumer internet segment, some of them have already reported Q3 earnings results, giving us a hint of what we can expect. Overstock's revenues decreased 33.2% year on year, missing analyst estimates by 2.66% and Snap reported revenues up 5.71% year on year, missing analyst estimates by 0.91%. Overstock traded flat on the results, Snap was down 21.5%. Read our full analysis of Overstock's results here and Snap's results here.

Investors in the consumer internet segment have had steady hands going into the earnings, with the stocks up on average 1.43% over the last month. Revolve is up 8.27% during the same time, and is heading into the earnings with analyst price target of $30.8o, compared to share price of $24.33.

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The author has no position in any of the stocks mentioned.