Rent The Runway Sees FY23 Revenue $296.4M Vs $296.84M Est.
Portfolio Pulse from Benzinga Newsdesk
Rent The Runway forecasts its FY23 revenue to be $296.4 million, which is slightly below the estimated $296.84 million by analysts.
December 05, 2023 | 9:10 pm
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NEGATIVE IMPACT
Rent The Runway's projected FY23 revenue is marginally lower than analyst expectations, which could lead to a negative perception among investors.
Revenue projections that are below analyst estimates can often lead to a negative short-term reaction in the stock market as they may signal a potential slowdown in growth or underperformance. However, the very small difference between the projected and estimated revenues for Rent The Runway suggests that the impact may be limited.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100