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.
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