Q3 2024 EPS Estimates for Revolve Group, Inc. Cut by Wedbush (NYSE:RVLV)

Revolve Group, Inc. (NYSE:RVLV) – Equities researchers at Wedbush reduced their Q3 2024 earnings per share (EPS) estimates for Revolve Group in a research note issued on Wednesday, May 8th. Wedbush analyst T. Nikic now anticipates that the company will post earnings of $0.07 per share for the quarter, down from their prior estimate of $0.13. Wedbush has a “Neutral” rating and a $19.00 price objective on the stock. The consensus estimate for Revolve Group’s current full-year earnings is $0.48 per share. Wedbush also issued estimates for Revolve Group’s FY2025 earnings at $0.75 EPS.

RVLV has been the topic of a number of other reports. Raymond James raised shares of Revolve Group from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Wednesday, February 28th. Evercore ISI increased their price target on Revolve Group from $17.00 to $20.00 and gave the stock an “in-line” rating in a report on Monday. Stifel Nicolaus boosted their price objective on Revolve Group from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Robert W. Baird raised their target price on shares of Revolve Group from $19.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Roth Mkm lifted their price target on shares of Revolve Group from $21.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday. 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $20.50.

Revolve Group Stock Down 0.1 %

NYSE:RVLV opened at $21.66 on Friday. The stock’s fifty day simple moving average is $20.30 and its 200-day simple moving average is $17.09. The firm has a market capitalization of $1.53 billion, a P/E ratio of 63.71, a P/E/G ratio of 1.38 and a beta of 2.15. Revolve Group has a 12-month low of $12.25 and a 12-month high of $23.19.

Revolve Group (NYSE:RVLV) last issued its earnings results on Tuesday, May 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.07. The company had revenue of $270.60 million for the quarter, compared to analyst estimates of $271.80 million. Revolve Group had a net margin of 2.63% and a return on equity of 7.11%. During the same quarter last year, the firm earned $0.19 EPS. The company’s revenue for the quarter was down 3.2% on a year-over-year basis.

Hedge Funds Weigh In On Revolve Group

Institutional investors and hedge funds have recently modified their holdings of the business. US Bancorp DE grew its position in Revolve Group by 1.8% during the first quarter. US Bancorp DE now owns 39,255 shares of the company’s stock worth $831,000 after buying an additional 677 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Revolve Group during the 1st quarter valued at $1,432,000. Essex Investment Management Co. LLC grew its holdings in shares of Revolve Group by 0.7% during the 1st quarter. Essex Investment Management Co. LLC now owns 115,035 shares of the company’s stock worth $2,435,000 after purchasing an additional 767 shares in the last quarter. Capstone Investment Advisors LLC bought a new position in shares of Revolve Group in the first quarter worth $1,591,000. Finally, Norden Group LLC increased its position in shares of Revolve Group by 38.3% in the first quarter. Norden Group LLC now owns 21,425 shares of the company’s stock worth $454,000 after purchasing an additional 5,929 shares during the period. 67.60% of the stock is currently owned by institutional investors and hedge funds.

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.