Zacks Small Cap Comments on ATRenew Inc.’s Q3 2024 Earnings (NYSE:RERE)

ATRenew Inc. (NYSE:RERE) – Investment analysts at Zacks Small Cap lowered their Q3 2024 EPS estimates for shares of ATRenew in a research note issued on Monday, May 20th. Zacks Small Cap analyst M. Kim now forecasts that the company will earn $0.05 per share for the quarter, down from their prior forecast of $0.08. The consensus estimate for ATRenew’s current full-year earnings is $0.23 per share. Zacks Small Cap also issued estimates for ATRenew’s Q4 2024 earnings at $0.07 EPS, FY2024 earnings at $0.18 EPS and FY2025 earnings at $0.35 EPS.

ATRenew (NYSE:RERE) last released its earnings results on Tuesday, March 12th. The company reported $0.03 earnings per share for the quarter. ATRenew had a negative net margin of 1.44% and a positive return on equity of 2.74%. The business had revenue of $545.58 million during the quarter.

ATRenew Trading Down 8.4 %

Shares of RERE stock opened at $2.29 on Thursday. ATRenew has a 12 month low of $1.01 and a 12 month high of $3.25. The company has a market capitalization of $569.50 million, a P/E ratio of -19.08, a P/E/G ratio of 0.42 and a beta of -0.25. The stock has a 50 day moving average of $2.01 and a two-hundred day moving average of $1.65.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. IvyRock Asset Management HK Ltd bought a new position in ATRenew during the fourth quarter worth about $67,000. Virtu Financial LLC acquired a new position in shares of ATRenew in the 1st quarter worth approximately $134,000. Finally, Lansdowne Partners UK LLP bought a new position in shares of ATRenew during the 3rd quarter worth approximately $1,174,000. 19.29% of the stock is currently owned by institutional investors and hedge funds.

About ATRenew

ATRenew Inc, through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras; and vintage bags, watches, liquor, gold, and various household goods through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms.