Revolve Group, Inc. (NYSE:RVLV – Free Report) – 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 – Get Free Report) 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.
Read Our Latest Report on Revolve Group
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.
See Also
- Five stocks we like better than Revolve Group
- What is the Euro STOXX 50 Index?
- Cassava Sciences: A Hot Stock to Trade, Invest, or Avoid?
- Stock Market Upgrades: What Are They?
- MarketBeat Week in Review – 8/5 – 8/9
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- The Cannabis Sector: Profitability Takes Center Stage
Receive News & Ratings for Revolve Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Revolve Group and related companies with MarketBeat.com's FREE daily email newsletter.