$180.44 Million in Sales Expected for Farfetch Ltd (FTCH) This Quarter
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.
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.
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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