Rent the Runway (NASDAQ:RENT) Announces Earnings Results

Rent the Runway (NASDAQ:RENT) announced its quarterly earnings data on Thursday. The company reported ($6.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($4.57) by ($1.98), RTT News reports. The business had revenue of $80.90 million for the quarter, compared to analysts’ expectations of $75.50 million. During the same quarter in the previous year, the firm posted $4.17 earnings per share. Rent the Runway updated its Q3 2025 guidance to EPS.

Rent the Runway Trading Up 29.6%

Shares of RENT stock opened at $7.89 on Friday. The firm’s fifty day moving average price is $5.19 and its two-hundred day moving average price is $5.11. Rent the Runway has a 1 year low of $3.69 and a 1 year high of $13.66. The firm has a market capitalization of $31.41 million, a P/E ratio of -0.41 and a beta of 1.39.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Rent the Runway from a “hold” rating to a “sell” rating in a research note on Sunday, August 31st. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $40.00.

Rent the Runway Company Profile

Rent the Runway, Inc operates shared designer closet in the United States. The company offers evening wear and accessories, ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear, and ski wear under subscription, rental, and resale offering.