Rent the Runway, Inc. (RENT) Reports Q1 Loss, Tops Revenue Estimates

Rent the Runway, Inc. (RENT) came out with a quarterly loss of $6.03 per share versus the Zacks Consensus Estimate of a loss of$6.56. This compares to loss of $9.20 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates two times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on th ...