Rent the Runway (NASDAQ:RENT) reported its Q3 earnings results on Tuesday, December 5, 2023 at 04:01 PM.
Here’s what investors need to know about the announcement.
Earnings
Rent the Runway missed estimated earnings by 4.65%, reporting an EPS of $-0.45 versus an estimate of $-0.43.
Revenue was down $4.90 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 27.93% drop in the share price the next day.
Here’s a look at Rent the Runway’s past performance:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.43 | -0.49 | -0.51 | -0.56 |
| EPS Actual | -0.40 | -0.46 | -0.40 | -0.47 |
| Revenue Estimate | 78.25M | 73.19M | 75.23M | 72.91M |
| Revenue Actual | 75.70M | 74.20M | 75.40M | 77.40M |
To track all earnings releases for Rent the Runway visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
