Revolve Group (NYSE:RVLV) Posts Earnings Results, Beats Expectations By $0.07 EPS

Revolve Group (NYSE:RVLV) posted its quarterly earnings results on Tuesday. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07, Briefing.com reports. The business had revenue of $270.60 million during the quarter, compared to analyst estimates of $271.80 million. Revolve Group had a return on equity of 7.11% and a net margin of 2.63%. The business’s revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 earnings per share.

Revolve Group Price Performance

Shares of NYSE:RVLV traded down $0.46 on Friday, reaching $21.20. The company’s stock had a trading volume of 54,599 shares, compared to its average volume of 1,084,914. The stock’s 50-day moving average is $20.30 and its two-hundred day moving average is $17.09. Revolve Group has a 52-week low of $12.25 and a 52-week high of $23.19. The stock has a market capitalization of $1.50 billion, a P/E ratio of 63.71, a PEG ratio of 1.38 and a beta of 2.15.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on RVLV shares. Wedbush upped their price target on Revolve Group from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Wednesday. UBS Group increased their price objective on Revolve Group from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday. BMO Capital Markets increased their price objective on Revolve Group from $13.00 to $15.00 and gave the stock a “market perform” rating in a research report on Wednesday. Stifel Nicolaus increased their price objective on Revolve Group from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, Needham & Company LLC increased their price objective on Revolve Group from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Revolve Group presently has a consensus rating of “Hold” and an average price target of $20.50.

About Revolve Group

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.