RumbleOn Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

RumbleOn (NASDAQ:RMBL) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$336.8m (down 12% from 2Q 2023).
• Net loss: US$700.0k (loss narrowed by 95% from 2Q 2023).
• US$0.02 loss per share (improved from US$0.78 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

RumbleOn EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 12%. Earnings per share (EPS) exceeded analyst estimates by 77%.

Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Specialty Retail industry in the US.

Performance of the American Specialty Retail industry.

The company's shares are down 4.7% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for RumbleOn (1 is concerning!) that you should be aware of.

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