Preview: ThredUp's Earnings
Portfolio Pulse from Benzinga Insights
ThredUp (NASDAQ:TDUP) is scheduled to release its quarterly earnings report on March 4, 2024, with an estimated EPS of $-0.13. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. ThredUp's stock performance has been volatile around earnings announcements, with significant price changes following past earnings reports. The stock was trading at $2.0 as of February 29, reflecting a 20.99% increase over the last 52 weeks.
March 01, 2024 | 3:01 pm
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NEUTRAL IMPACT
ThredUp is anticipated to report a quarterly EPS of $-0.13 on March 4, 2024. Historical data shows substantial stock price movements following earnings announcements. The stock has gained 20.99% over the last year, indicating positive investor sentiment.
ThredUp's upcoming earnings report is crucial, given its history of significant stock price volatility post-earnings. The estimated EPS of $-0.13 sets a cautious tone, but investor sentiment appears positive based on the 20.99% year-to-date stock increase. The impact on the stock price will largely depend on whether ThredUp can beat the EPS estimate and provide optimistic future guidance. Given the mixed historical performance, the short-term impact is assessed as neutral until the actual earnings results are disclosed.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100