Recap: Rent the Runway Q1 Earnings

Rent the Runway RENT reported its Q1 earnings results on Wednesday, June 7, 2023 at 04:01 PM.

Here's what investors need to know about the announcement.

Earnings

Rent the Runway beat estimated earnings by 6.12%, reporting an EPS of $-0.46 versus an estimate of $-0.49.

Revenue was up $7.10 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.11 which was followed by a 4.6% drop in the share price the next day.

Here's a look at Rent the Runway's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -0.51 -0.56 -0.65 -0.73
EPS Actual -0.40 -0.47 -0.53 -0.67
Revenue Estimate 75.23M 72.91M 73.26M 64.14M
Revenue Actual 75.40M 77.40M 76.50M 67.10M

To track all earnings releases for Rent the Runway visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: EarningsBZI-Recaps
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