Services
Will Stitch Fix Keep Up Its Recovery Pace With Earnings After the Close?
Published:
Stitch Fix Inc. (NASDAQ: SFIX) is scheduled to release its fiscal third-quarter financial results after the markets close on Monday. Analysts are calling for a net loss of $0.16 per share and $406.66 million in revenue. The same period of last year reportedly had $0.07 in EPS and $408.89 million.
This is one of those companies that could end up being huge down the road. It also could become one of the has-been online operators, as large retailers and e-commerce players begin to take on similar business models of one-time, semi-regular or subscription-based clothing and apparel purchases.
In its most recent quarter, the online personal styling service for apparel, shoes and accessories increased its active client number by 18% from a year ago to 3 million, and net revenues rose 25% to $370.3 million.
Stitch Fix also ended that quarter with $167.5 million in cash and equivalents, another $109.3 million in short-term investments and $66.7 million in long-term investments.
Excluding Monday’s move, Stitch Fix stock had performed more or less in line with the S&P 500 and Dow Jones industrial average with a decline of about 3% year to date. In the past 52 weeks, the share price was down nearly 8%. However, in the last month alone, the stock was up 54%.
A few analysts weighed in on Stitch Fix ahead of the report:
Stitch Fix stock traded up over 4% at $26.06 on Monday, in a 52-week range of $10.90 to $32.34. The consensus price target is $19.69.
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