ThredUp (TDUP) Set to Announce Quarterly Earnings on Monday

ThredUp (NASDAQ:TDUP - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of ($0.14) per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.

ThredUp (NASDAQ:TDUP - Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.03). The company had revenue of $79.76 million for the quarter, compared to analyst estimates of $82.58 million. ThredUp had a negative net margin of 19.47% and a negative return on equity of 63.88%. During the same period in the prior year, the company posted ($0.18) EPS. On average, analysts expect ThredUp to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

ThredUp Stock Up 8.4 %

Shares of NASDAQ TDUP traded up $0.06 during mid-day trading on Monday, reaching $0.71. 410,222 shares of the company traded hands, compared to its average volume of 577,389. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.92 and a current ratio of 1.06. The stock has a market cap of $78.66 million, a PE ratio of -1.23 and a beta of 0.71. The company's fifty day moving average is $0.82 and its two-hundred day moving average is $1.40. ThredUp has a fifty-two week low of $0.61 and a fifty-two week high of $3.80.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TDUP shares. Telsey Advisory Group reissued an "outperform" rating and set a $3.00 price objective on shares of ThredUp in a report on Tuesday, August 6th. Wells Fargo & Company reduced their price objective on ThredUp from $5.00 to $3.00 and set an "overweight" rating for the company in a research report on Tuesday, August 6th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of ThredUp in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $3.33.

Insiders Place Their Bets

In related news, Director Noam Paransky bought 40,000 shares of the company's stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $0.79 per share, with a total value of $31,600.00. Following the acquisition, the director now owns 546,444 shares in the company, valued at approximately $431,690.76. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other ThredUp news, Director Noam Paranksy purchased 90,000 shares of the company's stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average cost of $0.80 per share, with a total value of $72,000.00. Following the acquisition, the director now directly owns 246,444 shares of the company's stock, valued at approximately $197,155.20. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Noam Paransky bought 40,000 shares of the stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost of $0.79 per share, with a total value of $31,600.00. Following the completion of the purchase, the director now directly owns 546,444 shares in the company, valued at approximately $431,690.76. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 385,008 shares of company stock worth $308,906. 34.42% of the stock is currently owned by company insiders.

ThredUp Company Profile

ThredUp Inc, together with its subsidiaries, operates an online resale platform in the United States and internationally. Its platform enables consumers to buy and sell primarily secondhand apparel, shoes, and accessories. ThredUp Inc was incorporated in 2009 and is headquartered in Oakland, California.