Online fashion resale marketplace ThredUp (NASDAQ: TDUP) will be reporting results tomorrow after market close. Here’s what to expect.
ThredUp missed analysts’ revenue expectations by 2.4% last quarter, reporting revenues of $67.27 million, up 9.5% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates. It reported 1.23 million orders, up 2.2% year on year.
Is ThredUp a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting ThredUp’s revenue to grow 5.9% year on year to $68.32 million, improving from the 3.7% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.06 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at ThredUp’s peers in the apparel and accessories segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Levi's delivered year-on-year revenue growth of 3.1%, missing analysts’ expectations by 0.8%, and Carter's reported a revenue decline of 4.8%, topping estimates by 0.9%. Levi's traded down 8.2% following the results while Carter's was also down 13.9%.
Read our full analysis of Levi’s results here and Carter’s results here.
There has been positive sentiment among investors in the apparel and accessories segment, with share prices up 8.8% on average over the last month. ThredUp is up 63.7% during the same time and is heading into earnings with an average analyst price target of $6 (compared to the current share price of $4.60).
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