Yahoo Finance RumbleON Full Year 2023 Earnings: Misses Expectations
RumbleON (NASDAQ:RMBL) Full Year 2023 Results
Key Financial Results
Revenue: US$1.37b (down 24% from FY 2022).
Net loss: US$214.4m (loss narrowed by 18% from FY 2022).
US$12.77 loss per share (improved from US$16.48 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
RumbleON Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates significantly.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Specialty Retail industry in the US.
Performance of the American Specialty Retail industry.
The company's shares are down 34% from a week ago.
Risk Analysis
We should say that we've discovered 3 warning signs for RumbleON (1 is potentially serious!) that you should be aware of before investing here.
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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.
