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

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

Revolve Group Stock Performance

NYSE:RVLV traded down $0.46 during mid-day trading on Friday, reaching $21.20. The stock had a trading volume of 54,599 shares, compared to its average volume of 1,084,914. Revolve Group has a twelve month low of $12.25 and a twelve month high of $23.19. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 63.71, a PEG ratio of 1.38 and a beta of 2.15. The business has a 50 day simple moving average of $20.30 and a 200 day simple moving average of $17.09.

Wall Street Analysts Forecast Growth

RVLV has been the topic of several research analyst reports. Roth Mkm raised their price objective on Revolve Group from $21.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday. BTIG Research upped their target price on shares of Revolve Group from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. TD Cowen raised shares of Revolve Group from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $23.00 to $25.00 in a report on Thursday, March 21st. Wedbush upped their price objective on shares of Revolve Group from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Barclays upped their target price on shares of Revolve Group from $13.00 to $15.00 and gave the company an “underweight” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $20.50.

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.