Financial News

ThredUp (TDUP) Reports Earnings Tomorrow: What To Expect

TDUP Cover Image

Online fashion resale marketplace ThredUp (NASDAQ:TDUP) will be announcing earnings results tomorrow after market close. Here’s what you need to know.

ThredUp missed analysts’ revenue expectations by 3.3% last quarter, reporting revenues of $79.76 million, down 3.5% year on year. It was a disappointing quarter for the company, with revenue guidance for next quarter missing analysts’ expectations and a miss of analysts’ EBITDA estimates.

Is ThredUp a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting ThredUp’s revenue to decline 14.2% year on year to $70.37 million, a reversal from the 20.8% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.15 per share.

ThredUp Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. ThredUp has missed Wall Street’s revenue estimates three times over the last two years.

Looking at ThredUp’s peers in the apparel, accessories and luxury goods segment, some have already reported their Q3 results, giving us a hint as to what we can expect. VF Corp’s revenues decreased 5.6% year on year, beating analysts’ expectations by 1.6%, and Kontoor Brands reported revenues up 2.4%, topping estimates by 1%. VF Corp traded up 27% following the results while Kontoor Brands was also up 6.7%.

Read our full analysis of VF Corp’s results here and Kontoor Brands’s results here.

Investors in the apparel, accessories and luxury goods segment have had steady hands going into earnings, with share prices up 1.9% on average over the last month. ThredUp is down 23.7% during the same time and is heading into earnings with an average analyst price target of $3 (compared to the current share price of $0.61).

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