6/24/2023 0 Comments Thread up tickerIn the second quarter of 2023, Jefferies Financial Group forecasts that ThredUp’s earnings will amount to $0.19. It is currently anticipated that ThredUp will end the year with a loss of $0.66 per share, equivalent to the company’s total earnings. Helgans of Jefferies Financial Group reports that the company’s previous projection for the quarter, which was $0.10 per share, has been reduced to $0.18 per share. In a note to investors disseminated on Tuesday, March 7, 2019, Jefferies Financial Group’s equity research analysts reduced their predictions for ThredUp’s earnings per share for the first quarter of 2023.Ī. (NASDAQ: TDUP) Both ThredUp INC and ThredUp INC refer to the same company. Only four market analysts polled have suggested that investors keep their security holdings, while seven have suggested that investors purchase the stock.Īccording to information made available by Bloomberg, the stock is currently rated as having a consensus rating of “Moderate Buy,” The average price target analysts have set for the stock is $4.91. Finally, but certainly not least, in a research note published on Tuesday, Needham & Company LLC reaffirmed their “buy” recommendation on shares of ThredUp and established a price objective of $5.00 for the stock. Telsey Advisory Group reaffirmed an “outperform” rating for shares of ThredUp and established a $3.00 target price for the company’s stock in a research note published on Tuesday. This information was included in the report. Wedbush, an investment firm, announced in a research report disseminated on Thursday, November 17, that their new price objective for ThredUp is $3.00. In a report made public on November 15, Raymond James lowered its price objective for ThredUp from $7.00 to $4.00, giving the company an “outperform” rating. The report was made available to the public. Goldman Sachs Group, an investment bank, lowered its price objective for ThredUp shares from $4.00 to $2.00 and assigned the company a “neutral” rating in a research report that was made public on November 15. Recent years have seen an increase in industry experts contributing to published works on TDUP. The company reported a loss of $0.18 per share of revenue during the same period one year before the current period. ThredUp’s return on equity was also negative, coming in at a negative 57.20%, while the company’s net margin was negative by 32.000%. The company reported a revenue of $71.32 million for the quarter, which is significantly higher than the consensus projection of $63.06 million in revenue made before the start of the quarter. The company reported earnings per share (EPS) for the quarter at $0.19, $0.01 higher than the consensus estimate of $0.20 from market analysts. On Monday, March 6, the results of ThredUp’s most recent quarterly financial report were made public.
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