What to Expect When Stitch Fix Reports After the Close

December 10, 2018 by Chris Lange

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%.

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.

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