Northland Securities Predicts ThredUp Q3 Earnings

Key Points

• Northland Securities expects ThredUp to report a Q3 2026 loss of $0.04 per share, with continued losses projected through at least Q3 2027.
• ThredUp’s latest quarterly loss of $0.05 per share missed expectations, although revenue of $90.77 million slightly exceeded estimates. Management also lowered its full-year 2026 revenue guidance and issued below-consensus Q3 revenue guidance.
• Analyst sentiment remains cautiously positive, with a consensus “Moderate Buy” rating and average price target of $6.55, but the stock opened at $3.21 and faces ongoing profitability concerns.

ThredUp Inc. (NASDAQ:TDUP - Free Report) - Investment analysts at Northland Securities issued their Q3 2026 earnings estimates for shares of ThredUp in a research report issued to clients and investors on Thursday, August 6th. Northland Securities analyst B. Brooks expects that the company will post earnings of ($0.04) per share for the quarter. The consensus estimate for ThredUp's current full-year earnings is ($0.12) per share. Northland Securities also issued estimates for ThredUp's Q4 2026 earnings at ($0.04) EPS, FY2026 earnings at ($0.18) EPS, Q1 2027 earnings at ($0.04) EPS, Q2 2027 earnings at ($0.03) EPS and Q3 2027 earnings at ($0.03) EPS.

TDUP has been the topic of several other research reports. Wells Fargo & Company cut their price target on ThredUp from $10.00 to $8.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 5th. TD Cowen boosted their target price on ThredUp from $5.00 to $5.70 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. Telsey Advisory Group decreased their price objective on shares of ThredUp from $7.00 to $6.00 and set an "outperform" rating on the stock in a report on Thursday. Roth Capital restated a "buy" rating and set a $6.50 price objective on shares of ThredUp in a research report on Thursday. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of ThredUp in a report on Wednesday, June 24th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $6.55.

ThredUp Stock Performance

TDUP opened at $3.21 on Monday. The company has a market cap of $414.22 million, a P/E ratio of -18.88 and a beta of 2.01. ThredUp has a one year low of $3.04 and a one year high of $12.28. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.99 and a current ratio of 0.99. The business's 50-day simple moving average is $5.87 and its 200-day simple moving average is $4.85.

ThredUp (NASDAQ:TDUP - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.02). The business had revenue of $90.77 million for the quarter, compared to analyst estimates of $90.34 million. ThredUp had a negative return on equity of 37.30% and a negative net margin of 6.65%.

Institutional Trading of ThredUp

Several institutional investors have recently modified their holdings of the company. CI Investments Inc. bought a new stake in ThredUp during the first quarter worth approximately $5,937,000. Woodson Capital Management LP bought a new stake in shares of ThredUp during the 4th quarter worth $11,502,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of ThredUp by 263.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,056,345 shares of the company's stock worth $19,432,000 after acquiring an additional 1,491,020 shares in the last quarter. Invesco Ltd. grew its holdings in shares of ThredUp by 3,682.1% in the 2nd quarter. Invesco Ltd. now owns 1,135,351 shares of the company's stock worth $8,504,000 after acquiring an additional 1,105,332 shares during the last quarter. Finally, Zweig DiMenna Associates LLC grew its holdings in shares of ThredUp by 170.1% in the 1st quarter. Zweig DiMenna Associates LLC now owns 1,454,500 shares of the company's stock worth $4,771,000 after acquiring an additional 916,000 shares during the last quarter. Institutional investors and hedge funds own 89.08% of the company's stock.

Insiders Place Their Bets

In other news, COO Christopher Homer sold 61,578 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $4.43, for a total value of $272,790.54. Following the completion of the sale, the chief operating officer owned 1,301,843 shares in the company, valued at approximately $5,767,164.49. This trade represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Sean Sobers sold 45,554 shares of the company's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $4.43, for a total transaction of $201,804.22. Following the completion of the sale, the chief financial officer owned 572,523 shares in the company, valued at approximately $2,536,276.89. This trade represents a 7.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 23.10% of the company's stock.

Key ThredUp News

Here are the key news stories impacting ThredUp this week:

• Positive Sentiment: Second-quarter revenue increased 17% year over year to $90.8 million, slightly exceeding analyst expectations of $90.3 million. Management is adjusting its marketing strategy to navigate uneven consumer spending. ThredUp Navigates K-Shaped Economy as Revenues Climb 17%
• Positive Sentiment: Telsey Advisory Group maintained an “outperform” rating and set a $6 price target, despite lowering it from $7. The target implies substantial potential upside if ThredUp’s growth and profitability improve. Benzinga analyst update
• Neutral Sentiment: Analyst opinion remains relatively favorable, with ThredUp receiving a consensus “Moderate Buy” rating. However, Northland Securities expects the company to remain slightly unprofitable in the fourth quarter of 2027, underscoring continued uncertainty around the timing of sustained earnings.
• Negative Sentiment: ThredUp reported a second-quarter loss of $0.05 per share, worse than the expected $0.03 loss. The result highlighted ongoing profitability challenges, including a negative net margin and negative return on equity. ThredUp earnings report
• Negative Sentiment: Management reduced full-year 2026 revenue guidance to $344.4 million–$348.4 million from an analyst consensus of $354.8 million, while third-quarter revenue guidance of $87 million–$89 million also fell below expectations of $93 million. The company cited weaker demand from consumers earning less than $60,000, a still-material customer segment.
• Negative Sentiment: A Seeking Alpha analysis assigned TDUP a “sell” rating, arguing that the larger-than-expected loss, weaker outlook and uncertain profitability timeline could lead to further downside. ThredUp Collapses On Q2 Report, Shares Have Further To Fall

ThredUp Company Profile

ThredUp, Inc operates an online consignment and thrift platform that enables consumers to buy and sell secondhand clothing and accessories. Through its digital marketplace, the company offers curated selections of apparel for women and children, spanning a broad range of brands and styles. Sellers can order a “Clean Out Kit” to send in items they no longer wear, while buyers benefit from discounted prices and a simplified shopping experience powered by ThredUp's in-house authentication, quality control and logistics capabilities.

In addition to its core consumer-to-consumer marketplace, ThredUp has expanded into business-to-business services with its Resale-as-a-Service (RaaS) offering.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source