RumbleOn, Inc. (NASDAQ:RMBL) is expected to report third quarter earnings results, before market open, on Tuesday 10th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 2.25 per share.
Looking ahead, the full year loss are expected at $ 16.68 per share on the revenues of $ 444.15 million.
Previous Quarter Performance
RumbleOn, Inc. communicated loss for the second quarter of $ 1.79 per share, from the revenue of $ 84.34 million. The quarterly revenues decreased 64.14 percent compared with the same quarter last year. Street analysts expected RumbleOn, Inc. to report loss of $ 4.56 per share on revenue of $ 107.35 million for the second quarter. The bottom line results beat street analysts by $ 2.77 or 60.75 percent, at the same time, top line results fell short of analysts by $ 23.01 million or 21.43 percent.
Stock Performance
Shares of RumbleOn, Inc. traded low $ -4.57 or -10.55 percent on Monday, reaching $ 38.75 with volume of 130.90 thousand shares. RumbleOn, Inc. has traded high as $ 44.50 and has cracked $ 38.60 on the downward trend
According to the previous trading day, closing price of $ 38.75, representing a 1,344.00 % increase from the 52 week low of $ 3.00 and a 20.37 % decrease over the 52 week high of $ 54.40.
The company has a market capital of $ 86.61 million and is part of the Consumer Cyclical sector and Specialty Retail industry.
Conference Call
RumbleOn, Inc. will be hosting a conference call at 8:30 AM eastern time on 10th 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.rumbleon.com
RumbleON, Inc., a development stage company, provides an e-commerce platform that facilitates consumers and dealers to buy, sell, trade, and finance pre-owned recreation vehicles. It primarily focuses on pre-owned Harley-Davidson motorcycles and other powersports. The company also provides third-party financing services.
