Equities analysts expect Farfetch Ltd (NYSE:FTCH) to announce $180.44 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Farfetch’s earnings, with the highest sales estimate coming in at $184.10 million and the lowest estimate coming in at $176.78 million. The firm is expected to issue its next quarterly earnings report on Thursday, February 14th.

On average, analysts expect that Farfetch will report full-year sales of $580.13 million for the current financial year, with estimates ranging from $576.47 million to $583.80 million. For the next year, analysts expect that the firm will report sales of $762.13 million, with estimates ranging from $756.00 million to $772.16 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that follow Farfetch.

Farfetch (NYSE:FTCH) last released its earnings results on Thursday, November 8th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.08). The company had revenue of $132.18 million for the quarter, compared to the consensus estimate of $114.49 million. The business’s quarterly revenue was up 52.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.12) EPS.

Several brokerages have commented on FTCH. Deutsche Bank began coverage on shares of Farfetch in a research note on Tuesday, October 16th. They issued a “buy” rating and a $28.00 price target on the stock. Cowen began coverage on shares of Farfetch in a report on Tuesday, October 16th. They issued an “outperform” rating on the stock. Wells Fargo & Co began coverage on shares of Farfetch in a report on Tuesday, October 16th. They issued an “outperform” rating and a $30.00 target price on the stock. Goldman Sachs Group began coverage on shares of Farfetch in a report on Tuesday, October 16th. They issued a “neutral” rating and a $24.00 target price on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of Farfetch in a report on Tuesday, October 16th. They issued an “overweight” rating and a $27.00 target price on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $27.00.

FTCH stock traded up $1.29 during mid-day trading on Monday, hitting $23.61. The company had a trading volume of 794,271 shares, compared to its average volume of 1,470,235. Farfetch has a 12-month low of $18.39 and a 12-month high of $32.40.

A number of large investors have recently modified their holdings of the stock. Athanor Capital LP bought a new position in Farfetch during the 3rd quarter valued at about $1,035,000. Point72 Asset Management L.P. bought a new position in Farfetch during the 3rd quarter valued at about $1,362,000. Point72 Europe London LLP bought a new position in Farfetch during the 3rd quarter valued at about $501,000. Point72 Hong Kong Ltd bought a new position in Farfetch during the 3rd quarter valued at about $826,000. Finally, Man Group plc bought a new position in Farfetch during the 3rd quarter valued at about $24,905,000. Institutional investors own 1.47% of the company’s stock.

About Farfetch

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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