Revolve Group (RVLV:NYE) is set to release its earnings results after the market closes on May 3rd, and analysts are expecting the company to announce earnings of $0.15 per share of Revolve stock for the quarter.
Previous Quarter Earnings:
In the last earnings report on February 23rd, Revolve Group reported earnings per share (EPS) of $0.11 for the quarter, exceeding analysts’ estimates by $0.01. The company had a return on equity of 16.26% and a net margin of 5.33%.
The revenue for the quarter was $259.20 million, compared to analysts’ expectations of $240.41 million. The company’s quarterly revenue increased by 8.1% compared to the same quarter last year. For the current fiscal year, analysts expect Revolve Group to post $1 EPS, and $1 EPS for the next fiscal year.
Revolve Stock Price Analysis:
Shares of RVLV stock opened at $20.70 on Wednesday, down 3.7% from the previous day’s close. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 26.20, a price/earnings-to-growth ratio of 2.47, and a beta of 2.13.
Revolve Group’s 1-year low is $20.17, and its 1-year high is $49.05. The company has a 50-day simple moving average of $24.96 and a 200-day simple moving average of $24.74. The company has a current ratio of 2.86, a quick ratio of 1.67, and a debt-to-equity ratio of 0.05.
Based on data from Stock Target Advisor, Revolve stock has a consensus rating of “Strong Buy” and an average price target of $27.63.
Revolve Stock-Analyst Ratings:
Recently, several research firms commented on RVLV. Credit Suisse Group increased its price target on Revolve Group from $30.00 to $33.00 and gave the stock an “outperform” rating in a research report on February 24th.
Needham & Company LLC also restated a “buy” rating and set a $30.00 price target on shares of Revolve Group in a research report on the same day.
Robert W. Baird increased its price target on Revolve Group from $30.00 to $33.00 and gave the stock an “outperform” rating in a research report on February 24th.
Barclays, however, decreased its price target on Revolve Group from $22.00 to $20.00 in a research report on April 26th.
Piper Sandler also lowered Revolve Group from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $34.00 to $28.00 in a research report on January 5th.
Hedge Funds & Institutional Holdings:
Several hedge funds and institutional investors have recently modified their holdings of Revolve Group, including Point72 Middle East FZE, Chimera Capital Management LLC, State of Wisconsin Investment Board, Maverick Capital Ltd., and Morgan Stanley. Institutional investors and hedge funds own 71.64% of the Revolve stock.
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.
The company was formerly known as Advance Holdings, LLC and changed its name to Revolve Group, Inc. in October 2018. Revolve Group, Inc. was founded in 2003 and is headquartered in Cerritos, California.