Brokerages expect that Farfetch Ltd (NYSE:FTCH – Get Rating) will post ($0.35) earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Farfetch’s earnings, with the highest EPS estimate coming in at ($0.28) and the lowest estimate coming in at ($0.41). Farfetch posted earnings of ($0.28) per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 25%. The business is scheduled to issue its next quarterly earnings results after the market closes on Monday, January 1st.
According to Zacks, analysts expect that Farfetch will report full year earnings of ($1.23) per share for the current financial year, with EPS estimates ranging from ($1.61) to ($0.89). For the next fiscal year, analysts anticipate that the firm will report earnings of ($1.05) per share, with EPS estimates ranging from ($1.74) to ($0.54). Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Farfetch.
Farfetch (NYSE:FTCH – Get Rating) last released its quarterly earnings data on Thursday, February 24th. The company reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.09. Farfetch had a net margin of 64.79% and a negative return on equity of 331.09%. The firm had revenue of $665.65 million for the quarter, compared to analyst estimates of $673.31 million. During the same period last year, the firm earned ($6.53) earnings per share. The business’s quarterly revenue was up 23.2% compared to the same quarter last year.
Large investors have recently bought and sold shares of the stock. Sterling Investment Advisors Ltd. raised its stake in Farfetch by 40.0% in the third quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock valued at $52,000 after purchasing an additional 400 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of Farfetch by 19.9% in the 3rd quarter. Captrust Financial Advisors now owns 3,049 shares of the company’s stock worth $114,000 after buying an additional 507 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Farfetch by 51.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,515 shares of the company’s stock valued at $56,000 after buying an additional 515 shares in the last quarter. Pendal Group Ltd lifted its holdings in shares of Farfetch by 1.7% during the 4th quarter. Pendal Group Ltd now owns 40,307 shares of the company’s stock worth $1,347,000 after acquiring an additional 657 shares during the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new position in Farfetch in the fourth quarter worth $31,000. 81.36% of the stock is owned by institutional investors.
FTCH stock opened at $11.20 on Monday. The firm has a market capitalization of $4.26 billion, a PE ratio of -10.47 and a beta of 3.16. The company has a quick ratio of 2.05, a current ratio of 2.33 and a debt-to-equity ratio of 1.91. Farfetch has a twelve month low of $10.75 and a twelve month high of $53.77. The stock’s 50 day moving average is $14.29 and its 200-day moving average is $25.37.
Farfetch Company Profile (Get Rating)
Farfetch Ltd. engages in the retail of fashion and luxury goods. It offers womenswear, menswear, kidswear, vintage, fine watches, and fine jewelry. The company was founded by José Manuel Ferreira Neves in 2007 and launched in 2008 and is headquartered in London, the United Kingdom.
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