ThredUp Sees FY24 Revenue $328.0M-$338.0M Vs $344.697M Est.
Portfolio Pulse from Benzinga Newsdesk
ThredUp, an online resale platform, forecasts its FY24 revenue to be between $328.0M and $338.0M, which is below the estimated $344.697M by analysts.

May 06, 2024 | 9:05 pm
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ThredUp's projected FY24 revenue is below analyst expectations, indicating potential challenges ahead.
ThredUp's lower-than-expected revenue forecast for FY24 could lead to negative investor sentiment and pressure on the stock price in the short term. Analyst estimates often serve as benchmarks for performance, and falling short can result in decreased investor confidence and stock value.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100