Over the last six months, Revolve shares have sunk to $22.10, producing a disappointing 10.8% loss - worse than the S&P 500’s 4.1% drop. This may have investors wondering how to approach the situation.
Shares of online fashion retailer Revolve (NASDAQ:RVLV)
jumped 7.8% in the morning session after Jefferies analysts upgraded the stock's rating from Hold to Buy, following a meeting with management. The analysts assigned a price target of $30, which implied a potential 30% upside from where shares traded before the upgrade was announced.
As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the online retail industry, including Wayfair (NYSE:W) and its peers.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Revolve (NYSE:RVLV) and the best and worst performers in the online retail industry.
Online fashion retailer Revolve (NASDAQ:RVLV) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 13.9% year on year to $293.7 million. Its GAAP profit of $0.17 per share was 79.3% above analysts’ consensus estimates.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how online retail stocks fared in Q3, starting with Revolve (NYSE:RVLV).
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the online retail industry, including Coupang (NYSE:CPNG) and its peers.
What a fantastic six months it’s been for Revolve. Shares of the company have skyrocketed 117%, hitting $33.49. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
