Online fashion retailer Revolve Group (NASDAQ: RVLV) will be reporting earnings tomorrow after market hours. Here's what to expect.
Last quarter Revolve reported revenues of $259.2 million, up 8.07% year on year, beating analyst revenue expectations by 7.8%. It was a strong quarter for the company, with an impressive beat of analyst estimates and growing number of users. The company reported 2.34 million active buyers, up 27.2% 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 2.34% year on year to $290.1 million, slowing down from the 58.5% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.15 per share.
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 only missed Wall St's revenue estimates once over the last two years, and has on average exceeded top line expectations by 8.98%.
Looking at Revolve's peers in the consumer internet segment, some of them have already reported Q1 earnings results, giving us a hint of what we can expect. Overstock's revenues decreased 28.9% year on year, beating analyst estimates by 6.6% and Shutterstock reported revenues up 8.11% year on year, exceeding estimates by 1.77%. Overstock traded up 2.93% on the results, Shutterstock was flat on the results. Read our full analysis of Overstock's results here and Shutterstock's results here.
There has been a stampede out of high valuation technology stocks and while some of the consumer internet stocks have fared somewhat better, they have not been spared, with share price declining 4.81% over the last month. Revolve is down 20.9% during the same time, and is heading into the earnings with analyst price target of $28.1, compared to share price of $20.5.
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The author has no position in any of the stocks mentioned.