Revolve Group (RVLV) Set to Announce Quarterly Earnings on Tuesday

Revolve Group (NYSE:RVLV) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Revolve Group (NYSE:RVLV) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Revolve Group had a return on equity of 7.11% and a net margin of 2.63%. The company had revenue of $257.78 million for the quarter, compared to analysts’ expectations of $246.20 million. During the same period last year, the firm earned $0.11 earnings per share. Revolve Group’s quarterly revenue was down .5% on a year-over-year basis. On average, analysts expect Revolve Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Revolve Group Stock Performance

RVLV opened at $19.67 on Monday. Revolve Group has a one year low of $12.25 and a one year high of $23.19. The company has a market cap of $1.39 billion, a P/E ratio of 51.76, a PEG ratio of 1.38 and a beta of 2.15. The business’s 50-day simple moving average is $20.15 and its 200-day simple moving average is $16.91.

Analyst Upgrades and Downgrades

RVLV has been the topic of a number of research analyst reports. TD Cowen raised shares of Revolve Group from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $23.00 to $25.00 in a report on Thursday, March 21st. Wedbush boosted their price target on shares of Revolve Group from $12.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Barclays raised their price objective on Revolve Group from $12.00 to $13.00 and gave the stock an “underweight” rating in a report on Thursday, February 29th. Evercore ISI boosted their target price on Revolve Group from $15.00 to $17.00 and gave the company an “in-line” rating in a report on Wednesday, February 28th. Finally, The Goldman Sachs Group initiated coverage on Revolve Group in a research note on Wednesday, January 10th. They set a “sell” rating and a $12.00 price target on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Revolve Group presently has a consensus rating of “Hold” and an average price target of $19.09.

About Revolve Group

Revolve Group, Inc operates as an online fashion retailer for millennial and generation z consumers in the United States and internationally. The company operates in two segments, REVOLVE and FWRD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.