Street Expectation From RumbleOn, Inc. ($RMBL) 2Q20 Earnings?

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RumbleOn, Inc. (NASDAQ:RMBL) is reporting second quarter financial results on Friday 14th August 2020, before market open.

According to analysts surveyed by Thomson Reuters, RMBL is expected to report 2Q20 loss of $ 4.56 per share from revenue of $ 107.35 million.

For the full year, analysts anticipate top line of $ 509.80 million, while looking forward to loss of $ 21.54 per share bottom line.

Previous Quarter Performance

RumbleOn, Inc. recorded for the first quarter of per share, from the revenue of . The consensus estimates are loss of $ 3.00 per share from $ 212.90 million in revenue. The bottom line results beat street analysts by $ 2.63 or 87.67 percent, at the same time, top line results analysts by $ 0.30 million or .

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Stock Performance

According to the previous trading day, closing price of RMBL was $ 20.80, representing a 208.15 % increase from the 52 week low of $ 6.75 and a 98.73 % decrease over the 52 week high of $ 1632.00.

The company has a market capital of $ 46.38 million and is part of the Consumer Cyclical sector and Specialty Retail industry.

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RumbleON, Inc., a development stage company, provides an e-commerce platform that facilitates consumers and dealers to buy, sell, trade, and finance pre-owned recreation vehicles. It primarily focuses on pre-owned Harley-Davidson motorcycles and other powersports. The company also provides third-party financing services.