ThredUp (TDUP) Set to Announce Earnings on Monday

ThredUp (NASDAQ:TDUP) will be posting its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect ThredUp to post 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 registering for the company’s earnings conference call can do so using this link.

ThredUp (NASDAQ:TDUP) last posted its 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 for the quarter, compared to analyst estimates of $80.30 million. ThredUp had a negative return on equity of 61.27% and a negative net margin of 22.12%. During the same period in the previous year, the company posted ($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

NASDAQ TDUP opened at $1.80 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.22 and a quick ratio of 1.02. The company has a market cap of $195.89 million, a P/E ratio of -2.52 and a beta of 0.71. The stock has a 50-day moving average of $1.83 and a two-hundred day moving average of $2.14. ThredUp has a 1-year low of $1.52 and a 1-year high of $4.39.

Analyst Ratings Changes

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