ATRenew Q2 2024 Adj. EPS $0.07 Misses $0.50 Estimate, Sales $519.700M May Not Be Comparable To $3.719B Estimate
Portfolio Pulse from Benzinga Newsdesk
ATRenew reported Q2 2024 earnings of $0.07 per share, missing the $0.50 estimate. Sales were $519.7M, below the $3.719B estimate, but up 27.16% from last year.
August 20, 2024 | 8:19 am
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ATRenew's Q2 2024 earnings significantly missed analyst expectations, with EPS at $0.07 compared to the $0.50 estimate. Sales were also below expectations at $519.7M versus the $3.719B estimate, though they increased by 27.16% from the previous year.
The significant miss on both EPS and sales compared to analyst estimates is likely to negatively impact ATRenew's stock price in the short term. Despite the year-over-year sales growth, the large discrepancy from expectations suggests potential concerns about the company's performance.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100