Revolve (RVLV) To Report Earnings Tomorrow: Here Is What To Expect

Kayode Omotosho /
2023/02/22 4:24 am EST

Online fashion retailer Revolve Group (NASDAQ: RVLV) will be announcing earnings results tomorrow afternoon. Here's what you need to know.

Last quarter Revolve reported revenues of $268.7 million, up 10.1% year on year, beating analyst revenue expectations by 4.27%. It was a strong quarter for the company, with growing number of users and a decent beat of analyst estimates. The company reported 2.25 million active buyers, up 34% 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 0.25% year on year to $240.4 million, slowing down from the 70.4% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.10 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 only missed Wall St's revenue estimates once over the last two years, and has on average exceeded top line expectations by 8.47%.

Looking at Revolve's peers in the consumer internet segment, some of them have already reported Q4 earnings results, giving us a hint what we can expect. Roku delivered top-line growth of 0.2% year on year, beating analyst estimates by 8% and Airbnb reported revenues up 24.1% year on year, exceeding estimates by 2.22%. Roku traded up 10.8% on the results, Airbnb was up 9.24%. Read our full analysis of Roku's results here and Airbnb's results here.

Investors in the consumer internet segment have had steady hands going into the earnings, with the stocks down on average 0.82% over the last month. Revolve is down 3.54% during the same time, and is heading into the earnings with analyst price target of $27.6, compared to share price of $25.64.

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