Brokerages expect Stitch Fix Inc (NASDAQ:SFIX) to post $291.54 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Stitch Fix’s earnings. The highest sales estimate is $292.90 million and the lowest is $290.39 million. The business is expected to announce its next quarterly earnings report after the market closes on Monday, March 12th.
According to Zacks, analysts expect that Stitch Fix will report full-year sales of $291.54 million for the current financial year, with estimates ranging from $1.19 billion to $1.21 billion. For the next year, analysts expect that the company will post sales of $1.44 billion per share, with estimates ranging from $1.42 billion to $1.47 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Stitch Fix.
Stitch Fix (NASDAQ:SFIX) last released its quarterly earnings results on Tuesday, December 19th. The company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.01. The firm had revenue of $295.60 million for the quarter, compared to the consensus estimate of $294.97 million. The business’s quarterly revenue was up 25.3% compared to the same quarter last year.
A number of hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC bought a new stake in Stitch Fix in the fourth quarter valued at approximately $894,000. Two Sigma Investments LP bought a new stake in Stitch Fix in the fourth quarter valued at approximately $2,342,000. Honeycomb Asset Management LP bought a new position in shares of Stitch Fix during the 4th quarter worth approximately $3,874,000. Goldman Sachs Group Inc. bought a new position in shares of Stitch Fix during the 4th quarter worth approximately $1,899,000. Finally, potrero capital research llc bought a new position in shares of Stitch Fix during the 4th quarter worth approximately $1,808,000. Institutional investors and hedge funds own 3.38% of the company’s stock.
Shares of Stitch Fix (NASDAQ:SFIX) opened at $20.30 on Tuesday. Stitch Fix has a twelve month low of $14.48 and a twelve month high of $30.07.
About Stitch Fix
Stitch Fix, Inc is an online personalized styling service company. The Company offers apparel, shoes and accessories across categories, brands, product types and price points. The Company serves its clients in the following categories: Women’s, Petite, Maternity, Men’s and Plus. The Company also offers a wide variety of product types, including denim, dresses, blouses, skirts, shoes, jewelry and handbags.
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