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ThredUp (TDUP) Reports Q4 Earnings: What Key Metrics Have to Say
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ThredUp (TDUP - Free Report) reported $81.39 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 14.1%. EPS of -$0.14 for the same period compares to -$0.19 a year ago.
The reported revenue represents a surprise of +1.36% over the Zacks Consensus Estimate of $80.3 million. With the consensus EPS estimate being -$0.13, the EPS surprise was -7.69%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how ThredUp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Active Buyers: 1,797 thousand versus 1,860.26 thousand estimated by three analysts on average.
Number of Orders: 1,807 thousand compared to the 1,739.35 thousand average estimate based on three analysts.
Revenue- Product: $25.52 million compared to the $29.01 million average estimate based on four analysts. The reported number represents a change of -24.6% year over year.
Revenue- Consignment: $55.88 million compared to the $51.33 million average estimate based on four analysts. The reported number represents a change of +49.1% year over year.
Shares of ThredUp have returned +7.1% over the past month versus the Zacks S&P 500 composite's +4.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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ThredUp (TDUP) Reports Q4 Earnings: What Key Metrics Have to Say
ThredUp (TDUP - Free Report) reported $81.39 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 14.1%. EPS of -$0.14 for the same period compares to -$0.19 a year ago.
The reported revenue represents a surprise of +1.36% over the Zacks Consensus Estimate of $80.3 million. With the consensus EPS estimate being -$0.13, the EPS surprise was -7.69%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how ThredUp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Active Buyers: 1,797 thousand versus 1,860.26 thousand estimated by three analysts on average.
- Number of Orders: 1,807 thousand compared to the 1,739.35 thousand average estimate based on three analysts.
- Revenue- Product: $25.52 million compared to the $29.01 million average estimate based on four analysts. The reported number represents a change of -24.6% year over year.
- Revenue- Consignment: $55.88 million compared to the $51.33 million average estimate based on four analysts. The reported number represents a change of +49.1% year over year.
View all Key Company Metrics for ThredUp here>>>Shares of ThredUp have returned +7.1% over the past month versus the Zacks S&P 500 composite's +4.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.