ThredUp (TDUP) to Release Quarterly Earnings on Monday

ThredUp (NASDAQ:TDUP) is scheduled to announce its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of ($0.14) per share for the quarter. ThredUp has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

ThredUp (NASDAQ:TDUP) last posted its quarterly earnings data on Monday, March 4th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.01). ThredUp had a negative return on equity of 61.27% and a negative net margin of 22.12%. The company had revenue of $81.39 million during the quarter, compared to the consensus estimate of $80.30 million. During the same period last year, the business earned ($0.19) EPS. On average, analysts expect ThredUp to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ThredUp Stock Down 0.6 %

NASDAQ TDUP opened at $1.61 on Monday. The stock’s 50-day moving average price is $1.85 and its 200-day moving average price is $2.16. The company has a quick ratio of 1.02, a current ratio of 1.22 and a debt-to-equity ratio of 0.21. ThredUp has a 52 week low of $1.52 and a 52 week high of $4.39. The company has a market capitalization of $175.22 million, a P/E ratio of -2.37 and a beta of 0.64.

Insiders Place Their Bets

In other ThredUp news, major shareholder Gs Investment Strategies, Llc sold 30,397 shares of ThredUp stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $2.13, for a total value of $64,745.61. Following the sale, the insider now owns 3,710,048 shares of the company’s stock, valued at approximately $7,902,402.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 48,168 shares of company stock valued at $100,293 in the last quarter. 34.42% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on TDUP. Needham & Company LLC reissued a “buy” rating and set a $5.00 target price on shares of ThredUp in a research note on Tuesday, March 5th. Wedbush reissued an “outperform” rating and set a $4.00 target price on shares of ThredUp in a research note on Tuesday, March 5th. Telsey Advisory Group reissued an “outperform” rating and set a $4.00 target price on shares of ThredUp in a research note on Tuesday, March 5th. Finally, The Goldman Sachs Group decreased their target price on ThredUp from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Thursday, January 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, ThredUp has a consensus rating of “Moderate Buy” and an average price target of $3.67.

ThredUp Company Profile

ThredUp Inc, together with its subsidiaries, operates an online resale platform in the United States and internationally. Its platform enables consumers to buy and sell primarily secondhand apparel, shoes, and accessories. ThredUp Inc was incorporated in 2009 and is headquartered in Oakland, California.