Stock Analysis
- United States
- /
- Specialty Stores
- /
- NYSE:RERE
ATRenew First Quarter 2024 Earnings: CN¥0.38 loss per share (vs CN¥0.20 loss in 1Q 2023)
ATRenew (NYSE:RERE) First Quarter 2024 Results
Key Financial Results
- Revenue: CN¥3.65b (up 27% from 1Q 2023).
- Net loss: CN¥92.9m (loss widened by 86% from 1Q 2023).
- CN¥0.38 loss per share (further deteriorated from CN¥0.20 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ATRenew Earnings Insights
Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Specialty Retail industry in the US.
Performance of the American Specialty Retail industry.
The company's shares are down 2.9% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with ATRenew, and understanding them should be part of your investment process.
Valuation is complex, but we're helping make it simple.
Find out whether ATRenew is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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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.
About NYSE:RERE
ATRenew
Through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People’s Republic of China.
Flawless balance sheet and fair value.