Zacks Small Cap Has Positive View of ATRenew FY2024 Earnings

ATRenew Inc. (NYSE:RERE) – Research analysts at Zacks Small Cap increased their FY2024 earnings per share (EPS) estimates for shares of ATRenew in a research note issued to investors on Wednesday, November 20th. Zacks Small Cap analyst M. Kim now expects that the company will post earnings per share of $0.18 for the year, up from their prior forecast of $0.16. The consensus estimate for ATRenew’s current full-year earnings is $0.18 per share. Zacks Small Cap also issued estimates for ATRenew’s Q4 2024 earnings at $0.07 EPS and FY2025 earnings at $0.33 EPS.

ATRenew Stock Performance

ATRenew stock opened at $2.83 on Friday. ATRenew has a 52 week low of $1.01 and a 52 week high of $3.18. The firm has a market cap of $690.15 million, a P/E ratio of -56.59, a P/E/G ratio of 0.57 and a beta of -0.13. The business’s fifty day moving average is $2.55 and its two-hundred day moving average is $2.49.

Institutional Investors Weigh In On ATRenew

Institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new position in ATRenew in the second quarter valued at approximately $3,328,000. Harvest Fund Management Co. Ltd raised its position in shares of ATRenew by 162.3% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,049,214 shares of the company’s stock valued at $2,906,000 after acquiring an additional 649,214 shares during the last quarter. BRIGHT VALLEY CAPITAL Ltd acquired a new position in shares of ATRenew in the 2nd quarter valued at $1,396,000. Harber Asset Management LLC boosted its position in shares of ATRenew by 14.6% in the 3rd quarter. Harber Asset Management LLC now owns 1,094,617 shares of the company’s stock worth $3,043,000 after purchasing an additional 139,842 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of ATRenew by 231.8% during the second quarter. Marshall Wace LLP now owns 192,036 shares of the company’s stock worth $455,000 after purchasing an additional 134,151 shares during the period. Institutional investors own 19.29% of the company’s stock.

ATRenew Company Profile

ATRenew Inc, through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras; and vintage bags, watches, liquor, gold, and various household goods through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms.