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Compared to Estimates, Revolve Group (RVLV) Q1 Earnings: A Look at Key Metrics
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Revolve Group (RVLV - Free Report) reported $270.58 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 3.2%. EPS of $0.15 for the same period compares to $0.19 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $271.84 million, representing a surprise of -0.46%. The company delivered an EPS surprise of +87.50%, with the consensus EPS estimate being $0.08.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Revolve Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total orders placed: 2,223 thousand compared to the 2,254.6 thousand average estimate based on two analysts.
Average order value: $299 compared to the $284.87 average estimate based on two analysts.
Active customers: 2,551 thousand versus the two-analyst average estimate of 2,545.16 thousand.
Geographic Net Sales- United States: $219.13 million versus $222.81 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3.3% change.
Geographic Net Sales- Rest of the world: $51.45 million versus $49.09 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -2.7% change.
Net Sales- FWRD: $40.99 million versus the three-analyst average estimate of $42.46 million. The reported number represents a year-over-year change of -14.5%.
Net Sales- REVOLVE: $229.59 million versus the three-analyst average estimate of $229.44 million. The reported number represents a year-over-year change of -0.9%.
Shares of Revolve Group have returned +4% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Compared to Estimates, Revolve Group (RVLV) Q1 Earnings: A Look at Key Metrics
Revolve Group (RVLV - Free Report) reported $270.58 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 3.2%. EPS of $0.15 for the same period compares to $0.19 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $271.84 million, representing a surprise of -0.46%. The company delivered an EPS surprise of +87.50%, with the consensus EPS estimate being $0.08.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Revolve Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total orders placed: 2,223 thousand compared to the 2,254.6 thousand average estimate based on two analysts.
- Average order value: $299 compared to the $284.87 average estimate based on two analysts.
- Active customers: 2,551 thousand versus the two-analyst average estimate of 2,545.16 thousand.
- Geographic Net Sales- United States: $219.13 million versus $222.81 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3.3% change.
- Geographic Net Sales- Rest of the world: $51.45 million versus $49.09 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -2.7% change.
- Net Sales- FWRD: $40.99 million versus the three-analyst average estimate of $42.46 million. The reported number represents a year-over-year change of -14.5%.
- Net Sales- REVOLVE: $229.59 million versus the three-analyst average estimate of $229.44 million. The reported number represents a year-over-year change of -0.9%.
View all Key Company Metrics for Revolve Group here>>>Shares of Revolve Group have returned +4% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.