Q3 2024 EPS Estimates for Revolve Group, Inc. Boosted by Wedbush (NYSE:RVLV)

Revolve Group, Inc. (NYSE:RVLV) – Wedbush lifted their Q3 2024 earnings estimates for Revolve Group in a research note issued to investors on Tuesday, August 6th. Wedbush analyst T. Nikic now anticipates that the company will post earnings of $0.11 per share for the quarter, up from their prior estimate of $0.07. Wedbush has a “Neutral” rating and a $19.00 price objective on the stock. The consensus estimate for Revolve Group’s current full-year earnings is $0.47 per share. Wedbush also issued estimates for Revolve Group’s FY2024 earnings at $0.60 EPS and FY2025 earnings at $0.85 EPS.

Revolve Group (NYSE:RVLV) last posted its earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The firm had revenue of $282.50 million for the quarter, compared to analyst estimates of $277.06 million. Revolve Group had a return on equity of 8.43% and a net margin of 3.08%. Revolve Group’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 EPS.

A number of other research analysts have also issued reports on the stock. UBS Group upped their target price on shares of Revolve Group from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, May 9th. Stifel Nicolaus raised their target price on shares of Revolve Group from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price target on shares of Revolve Group in a report on Friday, May 17th. Barclays decreased their price objective on Revolve Group from $15.00 to $14.00 and set an “underweight” rating on the stock in a report on Thursday, July 18th. Finally, BMO Capital Markets lifted their price objective on Revolve Group from $13.00 to $15.00 and gave the company a “market perform” rating in a research report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $20.59.

Revolve Group Stock Down 2.7 %

Shares of NYSE:RVLV opened at $22.49 on Friday. The company has a market capitalization of $1.59 billion, a P/E ratio of 66.15, a P/E/G ratio of 2.40 and a beta of 2.09. Revolve Group has a 52-week low of $12.25 and a 52-week high of $23.67. The stock’s fifty day simple moving average is $17.38 and its 200-day simple moving average is $18.57.

Institutional Investors Weigh In On Revolve Group

Large investors have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Revolve Group in the first quarter valued at about $45,000. Assetmark Inc. boosted its holdings in Revolve Group by 8.3% in the 4th quarter. Assetmark Inc. now owns 8,252 shares of the company’s stock worth $137,000 after acquiring an additional 631 shares during the period. American Century Companies Inc. acquired a new stake in Revolve Group in the second quarter valued at approximately $165,000. Handelsbanken Fonder AB purchased a new stake in shares of Revolve Group during the fourth quarter valued at approximately $179,000. Finally, Pier 88 Investment Partners LLC acquired a new position in shares of Revolve Group during the second quarter worth $182,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

About Revolve Group

Revolve Group, Inc operates as an online fashion retailer for millennial and generation z consumers in the United States and internationally. The company operates in two segments, REVOLVE and FWRD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.