-$0.35 EPS Expected for Farfetch Ltd (NYSE:FTCH) This Quarter

Brokerages expect that Farfetch Ltd (NYSE:FTCHGet 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:FTCHGet 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.

A number of research analysts recently weighed in on FTCH shares. Oppenheimer dropped their price target on shares of Farfetch from $32.00 to $26.00 and set an “outperform” rating on the stock in a research report on Friday, April 1st. Jefferies Financial Group initiated coverage on Farfetch in a research note on Thursday, March 17th. They issued a “buy” rating and a $25.00 target price on the stock. KeyCorp reduced their target price on Farfetch from $60.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, January 20th. JPMorgan Chase & Co. dropped their price target on Farfetch from $35.00 to $30.00 and set an “overweight” rating on the stock in a report on Wednesday, March 16th. Finally, Wells Fargo & Company reduced their price objective on Farfetch from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday, March 17th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $38.00.

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.

Further Reading

Get a free copy of the Zacks research report on Farfetch (FTCH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Farfetch (NYSE:FTCH)

Receive News & Ratings for Farfetch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farfetch and related companies with MarketBeat.com's FREE daily email newsletter.