ATRenew Q2 Adj EPS $0.03 Misses $0.06 Estimate, Sales $408.70M Beat $397.98M Estimate
Portfolio Pulse from Benzinga Newsdesk
ATRenew (NYSE:RERE) reported Q2 earnings of $0.03 per share, missing the analyst consensus estimate of $0.06 by 50%. However, the company's quarterly sales of $408.70 million beat the analyst consensus estimate of $397.98 million by 2.69%. This represents a 400% increase in earnings and a 27.58% increase in sales compared to the same period last year.
August 23, 2023 | 8:09 am
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NEUTRAL IMPACT
ATRenew's Q2 earnings missed estimates but sales exceeded expectations. This mixed result could lead to uncertainty in the market.
ATRenew's earnings miss could negatively impact the stock as it indicates lower profitability. However, the sales beat and YoY growth could offset this as it shows strong demand and operational efficiency. The net impact could be neutral as the market weighs these factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100