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

Stitch Fix

05/12/2023 22:47

* Stitch Fix Inc  SFIX.OQ  reported a quarterly adjusted
loss
of 22 cents​​ per share for the quarter ended in October, higher
than the same quarter last year, when the company reported EPS
of -44 cents.  The mean expectation of thirteen analysts for the
quarter was for a loss of 23 cents per share. Wall Street
expected results to range from -31 cents to -18 cents per share.
    * Revenue fell 19.9% to $364.79 million from a year ago;
analysts
expected $362.42 million. 
    * Stitch Fix Inc's reported EPS for the quarter was a loss
of 30
cents​.
    * The company reported a quarterly loss of $35.49 million.
    * Stitch Fix Inc shares had risen by 20.3% this quarter and
gained 33.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 13
"hold" and 2 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Stitch Fix
Inc is
$3.50 

This summary was machine generated from LSEG data December 5 at
10:46 p.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
 Oct. 31 2023      -0.23          -0.22          Beat
 Jul. 31 2023      -0.21          -0.24          Missed
 Apr. 30 2023      -0.30          -0.19          Beat
 Jan. 31 2023      -0.34          -0.58          Missed