The RealReal Sees Q3 Revenue $135M-$142M Vs $144.15 Est.; FY24 Revenue $580M-$595M Vs $588.97M Est.
Portfolio Pulse from Benzinga Newsdesk
The RealReal has updated its Q3 and FY24 revenue guidance. Q3 revenue is expected to be between $135M-$142M, below the $144.15M estimate. FY24 revenue is projected to be $580M-$595M, close to the $588.97M estimate. Adjusted EBITDA for Q3 is forecasted between $(2)M and $1M, and for FY24 between $0M and $6M.
August 06, 2024 | 9:56 pm
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The RealReal's updated Q3 revenue guidance of $135M-$142M is below the $144.15M estimate, which may negatively impact investor sentiment. However, the FY24 revenue guidance of $580M-$595M is close to the $588.97M estimate, which could mitigate some concerns.
The lower-than-expected Q3 revenue guidance is likely to weigh on the stock price in the short term. However, the FY24 revenue guidance being close to estimates may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100