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Stock impact report

A Look Back at Consumer Internet Stocks' Q1 Earnings: Revolve (NYSE:RVLV) Vs The Rest Of The Pack [Yahoo! Finance]

Revolve Group, Inc. Class A (RVLV) 
Last revolve group, inc. class a earnings: 2/25 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The ways people shop, transport, communicate, learn and play are undergoing a tremendous, technology-enabled change. Consumer internet companies are playing a key role in lives being transformed, simplified and made more accessible. The 43 consumer internet stocks we track reported a slower Q1; on average, revenues beat analyst consensus estimates by 2.6%. while next quarter's revenue guidance was in line with consensus. Valuation multiples for many growth stocks have not yet reverted to their early 2021 highs, but the market was optimistic at the end of 2023 due to cooling inflation. The start of 2024 has been a different story as mixed signals have led to market volatility, and while some of the consumer internet stocks have fared somewhat better than others, they collectively declined, with share prices falling 2.4% on average since the previous earnings results. Revolve (NYSE:RVLV) Launched in 2003 by software engineers Michael Mente and Mike Karanikolas, Revolve Group (NAS Show less Read more
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