Revolve Group Inc Class A
RVLV: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$77.60 | Phc | Zlhgbkywb |
Revolve Earnings: Sluggish Demand Remains Near-Term Concern, but Long-Term Fundamentals Are Intact
No-moat Revolve delivered solid fiscal 2023 third-quarter results, with net sales of $257.6 million topping our $248.9 million forecast, while diluted EPS of $0.04 matched our estimate. Although we intend to trim our near-term forecast, consistent with tempered fourth-quarter guidance, we plan to lower our $29.50 fair value estimate by a low-single-digit percentage as we view long-term prospects as largely intact.