Stitch Fix Inc reports results for the quarter ended in January - Earnings Summary

Stitch Fix

06/03/2024 24:09

* Stitch Fix Inc  SFIX.OQ  reported a quarterly adjusted
loss
of 29 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of -58 cents.  The mean expectation of eleven analysts for the
quarter was for a loss of 20 cents per share. Wall Street
expected results to range from -30 cents to -13 cents per share.
    * Revenue fell 19.8% to $330.40 million from a year ago;
analysts
expected $330.86 million. 
    * Stitch Fix Inc's reported EPS for the quarter was a loss
of 30
cents​.
    * The company reported a quarterly loss of $35.52 million.
    * Stitch Fix Inc shares had fallen by 8.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 10
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "hold"

Wall Street's median 12-month price target for Stitch Fix Inc is
$3.50 
This summary was machine generated from LSEG data March 6 at
12:09 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 31 2024      -0.20          -0.29          Missed
 Oct. 31 2023      -0.23          -0.22          Beat
 Jul. 31 2023      -0.21          -0.24          Missed
 Apr. 30 2023      -0.30          -0.19          Beat