Rent the Runway's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Rent the Runway (NASDAQ:RENT) is set to release its quarterly earnings report on September 8, 2023. Analysts estimate an earnings per share (EPS) of $-0.43. The company's past performance shows a pattern of share price drops following earnings reports, with shares currently trading at $1.36 and down 71.09% over the last 52-week period.
September 07, 2023 | 2:00 pm
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NEGATIVE IMPACT
Rent the Runway's upcoming earnings report could potentially impact its stock price, which has seen a general downward trend over the past year.
Rent the Runway's stock price has generally decreased following its earnings reports. Given that the company's shares are already down significantly over the past year, the upcoming earnings report could potentially lead to further decreases in the stock price, especially if the company fails to meet analysts' estimates or provide positive guidance for the next quarter.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100