Rent the Runway's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Rent the Runway (NASDAQ:RENT) is expected to release its quarterly earnings report on December 5, 2023, with an anticipated EPS of $-0.44. Investors are looking for an earnings beat and positive guidance for future growth. Historically, RENT's stock price has shown varied reactions to past earnings results, with changes ranging from a 74.26% increase to a 27.93% decrease on the following day. Currently, the stock is trading at $0.59, down 53.33% over the last year. The upcoming earnings report could significantly influence the stock's performance.

December 04, 2023 | 4:00 pm
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NEUTRAL IMPACT
Rent the Runway is anticipated to report an EPS of $-0.44 for the upcoming quarter. Historical data shows mixed stock price reactions post-earnings, with the stock currently down 53.33% from last year. The guidance provided will be crucial for investors.
The short-term impact on RENT's stock price is uncertain and likely neutral until the actual earnings and guidance are released. Historically, the stock has shown both positive and negative reactions to earnings reports, making it difficult to predict the direction. The current downward trend in the stock price suggests that investors may have low expectations, which could lead to a positive reaction if the company beats estimates and provides strong guidance. However, the recent performance indicates that any negative news could exacerbate the stock's decline.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100