Revolve Group (RVLV) Set to Announce Earnings on Tuesday

Revolve Group (NYSE:RVLV) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, November 5th. Analysts expect Revolve Group to post earnings of $0.09 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Revolve Group (NYSE:RVLV) last announced its earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.08. Revolve Group had a return on equity of 8.35% and a net margin of 3.08%. The business had revenue of $282.50 million during the quarter, compared to the consensus estimate of $277.06 million. During the same period in the prior year, the company posted $0.10 EPS. The business’s quarterly revenue was up 3.2% on a year-over-year basis. On average, analysts expect Revolve Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Revolve Group Stock Performance

Revolve Group stock opened at $24.96 on Friday. The stock has a market capitalization of $1.76 billion, a P/E ratio of 55.47, a P/E/G ratio of 2.39 and a beta of 2.05. The company’s fifty day moving average price is $24.38 and its 200 day moving average price is $20.89. Revolve Group has a 1 year low of $12.42 and a 1 year high of $26.72.

Insider Activity at Revolve Group

In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total transaction of $168,298.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $25.92, for a total value of $168,298.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael Mente sold 48,346 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $26.32, for a total value of $1,272,466.72. Following the transaction, the chief executive officer now owns 73,000 shares of the company’s stock, valued at approximately $1,921,360. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 124,573 shares of company stock valued at $3,260,634. 46.56% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on RVLV shares. Piper Sandler reiterated an “overweight” rating and issued a $30.00 target price on shares of Revolve Group in a research report on Friday, August 23rd. Evercore ISI lifted their price objective on Revolve Group from $20.00 to $21.00 and gave the stock an “in-line” rating in a report on Wednesday, August 7th. UBS Group increased their target price on Revolve Group from $21.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. BTIG Research lifted their price target on Revolve Group from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Wedbush reiterated a “neutral” rating and set a $19.00 price target on shares of Revolve Group in a research report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Revolve Group has a consensus rating of “Hold” and a consensus target price of $22.44.

Revolve Group Company Profile

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. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.