thredUP Sees Q4 Revenue $79M-$81M vs $85.88M Est., Sees FY23 Revenue $319.5M-$321.5M vs $327.55M Est.
Portfolio Pulse from Benzinga Newsdesk
thredUP has projected its Q4 revenue to be between $79M-$81M, which is lower than the estimated $85.88M. The company also expects its FY23 revenue to be between $319.5M-$321.5M, falling short of the estimated $327.55M.
November 06, 2023 | 9:19 pm
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NEGATIVE IMPACT
thredUP's lower than expected revenue projections for Q4 and FY23 may negatively impact its stock price in the short term.
thredUP's projected revenues for Q4 and FY23 are lower than the market estimates. This could lead to a negative sentiment among investors, potentially causing a short-term drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100