Revolve Group (RVLV) Set to Announce Earnings on Tuesday

Revolve Group (NYSE:RVLV) will issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Revolve Group (NYSE:RVLV) last issued its earnings results on Tuesday, February 27th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $257.78 million for the quarter, compared to the consensus estimate of $246.20 million. Revolve Group had a return on equity of 7.11% and a net margin of 2.63%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. On average, analysts expect Revolve Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Revolve Group Stock Performance

RVLV stock opened at $19.67 on Friday. The firm has a 50 day simple moving average of $20.15 and a 200 day simple moving average of $16.90. Revolve Group has a 52 week low of $12.25 and a 52 week high of $23.19. The stock has a market cap of $1.39 billion, a P/E ratio of 51.76, a P/E/G ratio of 1.38 and a beta of 2.15.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wedbush boosted their price target on shares of Revolve Group from $12.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. The Goldman Sachs Group began coverage on Revolve Group in a research note on Wednesday, January 10th. They issued a “sell” rating and a $12.00 target price on the stock. Morgan Stanley began coverage on Revolve Group in a research note on Wednesday, February 28th. They set an “equal weight” rating for the company. Stifel Nicolaus boosted their price target on Revolve Group from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, Needham & Company LLC raised their price objective on shares of Revolve Group from $16.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $19.09.

Revolve Group Company Profile

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.