On March 7th, Jefferies Financial Group released a note to investors regarding their lowered earnings per share (EPS) estimates for ThredUp stock (TDUP:NSD) in Q1 2023. Analyst A. Helgans predicts that the company will now post EPS of ($0.18) for the quarter, down from the previous estimate of ($0.10). The financial group also issued estimates for Q2 and Q3 2023 earnings at ($0.19) EPS, FY2023 earnings at ($0.63) EPS, and Q1 2024 earnings at ($0.14) EPS.
ThredUp’s last quarterly earnings report on March 6th showed a beat on EPS estimates, reporting ($0.19) EPS for the quarter compared to analysts’ consensus estimates of ($0.20) EPS. However, Jefferies Financial Group’s updated estimates suggest that the company may not meet expectations in the coming quarters.
Other equity research analysts have also recently released reports on TDUP, with four analysts rating the stock as “hold” and seven rating it as “buy”. ThredUp stock currently has a consensus rating of “Buy” and an average price target of $3.16.
Thredup Stock Analysis:
TDUP stock opened at $2.36 on March 10th with a market cap of $236.19 million, a PE ratio of -2.54, and a beta of 0.45. The stock’s 50-day and 200-day simple moving averages are $1.70 and $1.71, respectively.
Institutional investors, including UBS Group AG and ExodusPoint Capital Management LP, have recently made changes to their positions in TDUP.
ThredUp Inc., together with its subsidiaries, operates online resale platforms that allow consumers to buy and sell secondhand women’s and kids’ apparel, shoes, and accessories. ThredUp Inc. was incorporated in 2009 and is headquartered in Oakland, California.