Q2 2024 EPS Estimates for Revolve Group, Inc. Lifted by Analyst (NYSE:RVLV)

Revolve Group, Inc. (NYSE:RVLV) – Stock analysts at Roth Capital boosted their Q2 2024 earnings estimates for Revolve Group in a research report issued on Wednesday, May 8th. Roth Capital analyst M. Koranda now forecasts that the company will post earnings of $0.14 per share for the quarter, up from their prior forecast of $0.10. The consensus estimate for Revolve Group’s current full-year earnings is $0.48 per share. Roth Capital also issued estimates for Revolve Group’s Q3 2024 earnings at $0.11 EPS, Q4 2024 earnings at $0.09 EPS, Q3 2025 earnings at $0.15 EPS and Q4 2025 earnings at $0.13 EPS.

Revolve Group (NYSE:RVLV) last posted its earnings results on Tuesday, May 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. The company had revenue of $270.60 million for the quarter, compared to analysts’ expectations of $271.80 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 3.2% compared to the same quarter last year. During the same period last year, the business posted $0.19 earnings per share.

Other equities research analysts have also recently issued reports about the company. Barclays raised their target price on Revolve Group from $13.00 to $15.00 and gave the company an “underweight” rating in a research note on Wednesday. BMO Capital Markets raised their target price on Revolve Group from $13.00 to $15.00 and gave the company a “market perform” rating in a research note on Wednesday. Robert W. Baird lifted their price objective on shares of Revolve Group from $19.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday. Evercore ISI lifted their price objective on shares of Revolve Group from $17.00 to $20.00 and gave the company an “in-line” rating in a research note on Monday. Finally, Needham & Company LLC lifted their price objective on shares of Revolve Group from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $20.38.

Revolve Group Stock Performance

RVLV stock opened at $21.69 on Thursday. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 57.07, a PEG ratio of 1.38 and a beta of 2.15. Revolve Group has a 1 year low of $12.25 and a 1 year high of $23.19. The stock’s fifty day moving average is $20.31 and its two-hundred day moving average is $17.06.

Institutional Investors Weigh In On Revolve Group

A number of large investors have recently made changes to their positions in the company. Assetmark Inc. raised its position in Revolve Group by 8.3% during the fourth quarter. Assetmark Inc. now owns 8,252 shares of the company’s stock valued at $137,000 after buying an additional 631 shares during the period. US Bancorp DE raised its position in Revolve Group by 1.8% during the first quarter. US Bancorp DE now owns 39,255 shares of the company’s stock valued at $831,000 after acquiring an additional 677 shares in the last quarter. Essex Investment Management Co. LLC raised its position in Revolve Group by 0.7% during the first quarter. Essex Investment Management Co. LLC now owns 115,035 shares of the company’s stock valued at $2,435,000 after acquiring an additional 767 shares in the last quarter. Signaturefd LLC raised its position in Revolve Group by 452.4% during the third quarter. Signaturefd LLC now owns 1,823 shares of the company’s stock valued at $25,000 after acquiring an additional 1,493 shares in the last quarter. Finally, Raymond James & Associates raised its position in Revolve Group by 0.6% during the fourth quarter. Raymond James & Associates now owns 252,947 shares of the company’s stock valued at $4,194,000 after acquiring an additional 1,565 shares in the last quarter. Institutional investors and hedge funds own 67.60% of the company’s stock.

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.