What to Expect When Stitch Fix Reports After the Close
Stitch Fix is scheduled to release its fiscal first-quarter financial results after the markets close on Monday.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Stitch Fix Inc. (NASDAQ: SFIX) is scheduled to release its fiscal first-quarter financial results after the markets close on Monday. The consensus estimates call for $0.03 in earnings per share (EPS) and $357.97 million in revenue. The same period of last year reportedly had EPS of $0.04 on $295.56 million in revenue.
In its most recent quarterly report, the company tallied 2.7 million active customers, an increase of 25% from a year earlier, while analysts had estimated 2.81 million.
One of the major announcements in the report was that the firm would be expanding into the United Kingdom by the end of the 2019 fiscal year. Management believes that its ability to create a uniquely personalized shopping experience is something that will resonate with consumers and brands outside of the United States.
Excluding Monday’s move, the stock has outperformed the broad markets, with its stock up about 10% in the past 52-weeks. In just 2018 alone, the stock is up only 2%.
[nativounit]
A few analysts weighed in on Stitch Fix ahead of the report:
- Wolfe Research has a Peer Perform rating.
- Wells Fargo has a Hold rating and a $30 price target.
- Stifel has a Hold rating with a $30 price target.
- KeyCorp has an Overweight rating and a $45 target.
- Piper Jaffray has a Hold rating with a $31 price target.
Shares of Stitch Fix were last seen up about 2% at $26.90, with a consensus analyst price target of $34.67 and a 52-week trading range of $18.00 to $52.44.
[recirclink id=510217]
[wallst_email_signup]
Contact [email protected] for any questions or corrections.
Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
