ThredUp Inc reports results for the quarter ended June 30 - Earnings Summary

• ThredUp Inc TDUP.OQ reported a quarterly adjusted loss of 4 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -13 cents. The mean expectation of five analysts for the quarter was for a loss of 4 cents per share. Wall Street expected results to range from -7 cents to -3 cents per share.

• Revenue fell 2.6% to $77.66 million from a year ago; analysts expected $73.85 million.

• ThredUp Inc's reported EPS for the quarter was a loss of 4 cents​.

• The company reported a quarterly loss of $5.18 million.

• ThredUp Inc shares had risen by 13.1% this quarter and gained 509.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 13.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "buy"

• Wall Street's median 12-month price target for ThredUp Inc is $9.00, about 5.9% above its last closing price of $8.47

This summary was machine generated from LSEG data August 4 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)