Wall Street brokerages expect Farfetch Ltd (NYSE:FTCH) to announce ($0.30) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Farfetch’s earnings. The lowest EPS estimate is ($0.40) and the highest is ($0.20). Farfetch also posted earnings of ($0.30) per share during the same quarter last year. The business is scheduled to announce its next quarterly earnings results on Thursday, November 14th.
On average, analysts expect that Farfetch will report full-year earnings of ($1.08) per share for the current fiscal year, with EPS estimates ranging from ($1.33) to ($0.84). For the next year, analysts anticipate that the firm will post earnings of ($0.91) per share, with EPS estimates ranging from ($1.21) to ($0.51). Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Farfetch.
Farfetch (NYSE:FTCH) last announced its earnings results on Thursday, August 8th. The company reported ($0.29) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by ($0.09). The firm had revenue of $209.30 million for the quarter, compared to the consensus estimate of $196.51 million. Farfetch had a negative return on equity of 25.53% and a negative net margin of 40.23%. Farfetch’s revenue for the quarter was up 42.7% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Morgan Stanley grew its position in Farfetch by 139.8% during the 2nd quarter. Morgan Stanley now owns 32,155,141 shares of the company’s stock worth $668,828,000 after purchasing an additional 18,744,626 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Farfetch by 47.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 24,656,061 shares of the company’s stock worth $512,846,000 after purchasing an additional 7,886,096 shares in the last quarter. Invesco Ltd. purchased a new position in Farfetch during the 2nd quarter worth approximately $128,360,000. OppenheimerFunds Inc. grew its position in Farfetch by 0.4% during the 1st quarter. OppenheimerFunds Inc. now owns 4,814,650 shares of the company’s stock worth $129,561,000 after purchasing an additional 18,860 shares in the last quarter. Finally, Nuveen Asset Management LLC purchased a new position in Farfetch during the 2nd quarter worth approximately $94,234,000. Hedge funds and other institutional investors own 49.77% of the company’s stock.
Shares of NYSE FTCH traded down $0.42 during trading on Monday, hitting $10.83. The company had a trading volume of 4,715,552 shares, compared to its average volume of 2,748,362. The company has a market cap of $3.37 billion and a P/E ratio of -18.36. Farfetch has a 52 week low of $9.22 and a 52 week high of $32.40. The business’s 50-day moving average is $18.27 and its 200 day moving average is $22.12. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.22 and a current ratio of 3.19.
Farfetch Company Profile
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.
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