Brokerages Expect Farfetch Ltd (FTCH) to Post -$0.08 EPS

Analysts expect Farfetch Ltd (NYSE:FTCH) to report ($0.08) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Farfetch’s earnings. The firm is expected to report its next quarterly earnings results on Thursday, February 14th.

On average, analysts expect that Farfetch will report full-year earnings of ($0.57) per share for the current year, with EPS estimates ranging from ($0.58) to ($0.56). For the next financial year, analysts anticipate that the firm will report earnings of ($0.44) per share, with EPS estimates ranging from ($0.44) to ($0.43). Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Farfetch.

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

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Blueport Capital L.P. bought a new stake in shares of Farfetch during the third quarter valued at about $120,000. Pendal Group Ltd bought a new stake in shares of Farfetch during the third quarter valued at about $282,000. Shikiar Asset Management Inc. bought a new stake in shares of Farfetch during the third quarter valued at about $436,000. Dean Capital Investments Management LLC bought a new stake in shares of Farfetch during the third quarter valued at about $574,000. Finally, Artemis Investment Management LLP bought a new stake in shares of Farfetch during the third quarter valued at about $676,000. 0.10% of the stock is owned by institutional investors.

Shares of FTCH opened at $23.27 on Friday. Farfetch has a 1 year low of $18.39 and a 1 year high of $32.40.

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 on May 15, 2018 and is headquartered in London, the United Kingdom.

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