-$0.09 Earnings Per Share Expected for Farfetch Ltd (FTCH) This Quarter
Wall Street brokerages predict that Farfetch Ltd (NYSE:FTCH) will report earnings per share (EPS) of ($0.09) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Farfetch’s earnings. The business is expected to issue its next earnings results on Thursday, February 14th.
According to Zacks, analysts expect that Farfetch will report full year earnings of ($0.65) per share for the current financial year. For the next financial year, analysts expect that the company will report earnings of ($0.43) per share, with EPS estimates ranging from ($0.46) to ($0.41). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Farfetch.
Farfetch (NYSE:FTCH) last posted its earnings results on Thursday, November 8th. The company reported ($0.30) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.08). The company had revenue of $132.18 million for the quarter, compared to analyst estimates of $114.49 million. The company’s revenue for the quarter was up 52.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.12) earnings per share.
A number of hedge funds have recently added to or reduced their stakes in FTCH. Jennison Associates LLC purchased a new position in Farfetch in the 3rd quarter worth approximately $123,826,000. FMR LLC purchased a new position in Farfetch in the 3rd quarter worth approximately $99,189,000. Morgan Stanley purchased a new position in Farfetch in the 3rd quarter worth approximately $86,369,000. Gilder Gagnon Howe & Co. LLC purchased a new position in Farfetch in the 3rd quarter worth approximately $67,105,000. Finally, TIAA CREF Investment Management LLC purchased a new position in Farfetch in the 3rd quarter worth approximately $64,657,000. 31.24% of the stock is owned by institutional investors and hedge funds.
Farfetch stock traded down $0.22 during midday trading on Monday, reaching $22.11. 624,981 shares of the stock were exchanged, compared to its average volume of 695,540. Farfetch has a 52 week low of $18.39 and a 52 week high of $32.40.
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 on May 15, 2018 and is headquartered in London, the United Kingdom.
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