ThredUp (TDUP) to Release Earnings on Monday

ThredUp (NASDAQ:TDUP) will announce its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of ($0.14) per share for the quarter. ThredUp has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

ThredUp (NASDAQ:TDUP) last posted its quarterly earnings results on Monday, March 4th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The firm had revenue of $81.39 million during the quarter, compared to the consensus estimate of $80.30 million. ThredUp had a negative net margin of 22.12% and a negative return on equity of 61.27%. During the same quarter in the prior year, the business earned ($0.19) EPS. On average, analysts expect ThredUp to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ThredUp Stock Performance

Shares of NASDAQ:TDUP opened at $1.80 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.02 and a debt-to-equity ratio of 0.21. ThredUp has a 1-year low of $1.52 and a 1-year high of $4.39. The stock has a market capitalization of $195.89 million, a P/E ratio of -2.65 and a beta of 0.71. The business has a 50-day moving average price of $1.82 and a two-hundred day moving average price of $2.13.

Wall Street Analyst Weigh In

TDUP has been the subject of a number of recent research reports. Wedbush reissued an “outperform” rating and set a $4.00 price target on shares of ThredUp in a research note on Tuesday, March 5th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $4.00 target price on shares of ThredUp in a report on Wednesday. The Goldman Sachs Group dropped their target price on shares of ThredUp from $4.00 to $3.00 and set a “neutral” rating for the company in a research report on Thursday, January 11th. Finally, Needham & Company LLC restated a “buy” rating and issued a $5.00 price target on shares of ThredUp in a research report on Tuesday, March 5th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, ThredUp presently has a consensus rating of “Moderate Buy” and an average price target of $3.67.

ThredUp Company Profile

ThredUp Inc, together with its subsidiaries, operates an online resale platform in the United States and internationally. Its platform enables consumers to buy and sell primarily secondhand apparel, shoes, and accessories. ThredUp Inc was incorporated in 2009 and is headquartered in Oakland, California.