Stock Analysis

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

NasdaqCM:RMBL
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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).
earnings-and-revenue-growth
NasdaqCM:RMBL Earnings and Revenue Growth August 12th 2024

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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.