Poshmark (POSH) Shares Down 6% on Q4 EPS Miss and Worse Than Expected Outlook
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Poshmark Inc. (NASDAQ: POSH) shares were trading more than 6% lower after-hours following the company’s Q4 results, with EPS of ($0.19) coming in worse than the consensus estimate of ($0.18).
Revenue grew 22% year-over-year to $84.2 million, compared to the consensus estimate of $80.59 million. Gross Merchandise Value (GMV) increased 27% year-over-year to $490.8 million. Trailing 12 months Active Buyers grew 17% year-over-year to 7.6 million.
The company said its cohorts continue to remain stable. This year, Poshmark's stacked buyer cohort retention was 104%, up from 102% in 2020, while stacked seller cohort retention was 112%, versus 111% in 2020.
The company provided its Q1/22 outlook, expecting revenue in the range of $86-88 million, compared to the consensus estimate of $90.5 million.
Davit Kirakosyan
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