Recap: Rent the Runway Q3 Earnings
Portfolio Pulse from Benzinga Insights
Rent the Runway (NASDAQ:RENT) reported Q3 earnings with an EPS of $-0.45, missing estimates by 4.65% and a revenue decrease of $4.90 million from the previous year. The stock previously dropped 27.93% following last quarter's earnings beat.
December 05, 2023 | 9:10 pm
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NEGATIVE IMPACT
Rent the Runway missed Q3 earnings estimates with an EPS of $-0.45 and reported a revenue decline from the same period last year.
Missing earnings estimates and reporting lower revenue year-over-year are negative indicators that can lead to a decrease in investor confidence and potentially a drop in stock price, as seen in the previous quarter's post-earnings performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100