Revolve Group, Inc. (NYSE:RVLV) is reporting third quarter earnings results on Wednesday 11th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.14 per share.
For the full year, analysts predict revenues of $ 603.57 million, while looking forward to income of $ 0.51 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 679.00 million ~ $ 703.00 million
Click Here For More Historical Outlooks Of Revolve Group, Inc.
Previous Quarter Performance
Revolve Group, Inc. recorded income for the second quarter of $ 0.20 per share, from the revenue of $ 142.78 million. The quarterly earnings 11.11 percent while revenues dropped 10.70 percent compared with the same quarter last year. The top line results outshined analysts by $ 23.37 million or 19.57 percent.
Stock Performance
Shares of Revolve Group, Inc. traded up $ 0.34 or 1.58 percent on Tuesday, reaching $ 21.84 with volume of 2.78 million shares. Revolve Group, Inc. has traded high as $ 22.38 and has cracked $ 20.88 on the downward trend
The closing price of $ 21.84, representing a 199.86 % increase from the 52 week low of $ 7.17 and a 11.92 % decrease over the 52 week high of $ 24.41.
The company has a market capital of $ 1.52 billion and is part of the Consumer Cyclical sector and Specialty Retail industry.
Recent Analyst recommendations
- On 13th October 2020, upgraded by KeyBanc to Overweight from Sector Weight rating.
- On 30th September 2020, initiated by Needham & Company LLC at Hold rating.
- On 17th September 2020, initiated by MKM Partners at Buy rating, with $ 24.00 target price.
Conference Call
Revolve Group, Inc. will be hosting a conference call at 4:30 PM eastern time on 11th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.revolve.com
Revolve Group, Inc. operates as an online fashion retailer for consumers in the United States and internationally. The company operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.
