For the quarter ended July 2023, Stitch Fix (SFIX) reported revenue of $375.8 million, down 22% over the same period last year. EPS came in at -$0.19, compared to -$0.65 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $371.51 million, representing a surprise of +1.15%. The company delivered an EPS surprise of +13.64%, with the consensus EPS estimate being -$0.22.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company’s financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock’s price performance more accurately.
Here is how Stitch Fix performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Active clients: 3297 thousand versus 3348.39 thousand estimated by six analysts on average.
- Net revenue per active client: $497 compared to the $487.84 average estimate based on six analysts.
- Active Users – Net Adds: -179 thousand versus -120.67 thousand estimated by three analysts on average.
View all Key Company Metrics for Stitch Fix here>>>
Shares of Stitch Fix have returned -14.1% over the past month versus the Zacks S&P 500 composite’s +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
Stitch Fix, Inc. (SFIX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Image and article originally from www.nasdaq.com. Read the original article here.