Online fashion resale marketplace ThredUp (NASDAQ: TDUP) will be announcing earnings results this Monday after market close. Here’s what to expect.
ThredUp beat analysts’ revenue expectations by 4.4% last quarter, reporting revenues of $71.29 million, up 10.5% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ EBITDA estimates. It reported 1.37 million orders, up 16.1% year on year.
Is ThredUp a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting ThredUp’s revenue to grow 10.7% year on year to $73.85 million, improving from its flat revenue in the same quarter last year. Adjusted loss is expected to come in at -$0.05 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at ThredUp’s peers in the apparel and accessories segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Levi's delivered year-on-year revenue growth of 6.4%, beating analysts’ expectations by 5.8%, and VF Corp reported flat revenue, topping estimates by 3.6%. Levi's traded up 11.1% following the results while VF Corp was down 5.8%.
Read our full analysis of Levi’s results here and VF Corp’s results here.
Investors in the apparel and accessories segment have had steady hands going into earnings, with share prices flat over the last month. ThredUp is up 12.2% during the same time and is heading into earnings with an average analyst price target of $9.33 (compared to the current share price of $8.48).
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