Rent the Runway (NASDAQ:RENT) Issues Earnings Results, Beats Expectations By $3.93 EPS

Key Points

• Beat on results: Rent the Runway reported EPS of ($0.04), beating analysts' estimate of ($3.97) by $3.93, and posted revenue of $91.7 million versus the $76.6 million consensus.
• Shares trade around $5.79 with a market cap of about $193.3 million, a negative P/E (-1.98), and a 1‑year trading range of $3.69–$10.13.
• Analyst sentiment remains cautious with a consensus "Reduce" rating (two Holds, one Sell) despite heavy institutional ownership (73.1%) and notable position increases by firms such as Geode Capital.

Rent the Runway (NASDAQ:RENT - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($3.97) by $3.93, FiscalAI reports. The company had revenue of $91.70 million for the quarter, compared to the consensus estimate of $76.60 million.

Rent the Runway Price Performance

Shares of RENT opened at $5.79 on Tuesday. Rent the Runway has a 1-year low of $3.69 and a 1-year high of $10.13. The firm has a market capitalization of $193.33 million, a price-to-earnings ratio of -1.98 and a beta of 1.33. The company has a 50-day moving average of $5.45 and a 200 day moving average of $5.83.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RENT shares. Wall Street Zen lowered shares of Rent the Runway from a "buy" rating to a "hold" rating in a report on Saturday, March 7th. Weiss Ratings reiterated a "sell (d)" rating on shares of Rent the Runway in a report on Friday, March 27th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Rent the Runway presently has a consensus rating of "Reduce".

Institutional Investors Weigh In On Rent the Runway

Several large investors have recently modified their holdings of RENT. Quinn Opportunity Partners LLC bought a new stake in shares of Rent the Runway in the 3rd quarter valued at about $421,000. Two Sigma Investments LP purchased a new stake in Rent the Runway during the 3rd quarter worth approximately $109,000. Geode Capital Management LLC grew its position in Rent the Runway by 1,044.4% during the 4th quarter. Geode Capital Management LLC now owns 284,372 shares of the company's stock worth $2,251,000 after purchasing an additional 259,522 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in Rent the Runway during the 4th quarter worth approximately $218,000. Finally, Renaissance Technologies LLC purchased a new stake in Rent the Runway during the 4th quarter worth approximately $89,000. Institutional investors own 73.10% of the company's stock.

Rent the Runway Company Profile

Rent the Runway NASDAQ: RENT operates an online marketplace and subscription service that provides designer apparel and accessory rentals to consumers. The company offers both one-time rentals and tiered subscription plans, enabling members to borrow items on a recurring basis rather than purchasing them outright. Rent the Runway's inventory spans a wide range of brands and styles, including evening gowns, everyday wear, handbags and jewelry, positioning the company within the broader sharing-economy and circular-fashion movements.

Founded in 2009 by Jennifer Hyman and Jennifer Fleiss, Rent the Runway was built on the premise of making high-end fashion more accessible and sustainable.

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