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Rent the Runway, Inc. (RENT) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Equity Research
·2-min read

Rent the Runway, Inc. (RENT) reported $74.2 million in revenue for the quarter ended April 2023, representing a year-over-year increase of 10.6%. EPS of -$0.46 for the same period compares to -$0.67 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $73.34 million, representing a surprise of +1.17%. The company delivered an EPS surprise of +4.17%, with the consensus EPS estimate being -$0.48.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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Here is how Rent the Runway, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Active subscribers (at the end of period): 145220 versus 143792.5 estimated by two analysts on average.

  • Revenue- Other revenue: $7.40 million compared to the $6.66 million average estimate based on five analysts. The reported number represents a change of +29.8% year over year.

  • Revenue- Subscription and Reserve rental revenue: $66.80 million versus $67.04 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +8.8% change.

View all Key Company Metrics for Rent the Runway, Inc. here>>>

Shares of Rent the Runway, Inc. have returned +4.6% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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Rent the Runway, Inc. (RENT) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research