JUMP REPORT
Avg Daily Volume: 3,390,587 Market Cap: 2.74B
Sector: None Short Interest: 14.66
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.37/share REV: 252.11/M
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LAST QTR: EPS: -.21/share ACTUAL: -.29/share (MISS)
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NEXT QTR: EPS: -.25/share REV: 335.35/M
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FULL YR: EPS: -1.20/share REV: 962.09/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: NA% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -49.53, -18.51, 28.20
EXPECTED JUMP MOVE: 8-10%
Links To Latest News and Headlines
Farfetch (NYSE: FTCH) stock hit its all-time high of $73.35 last February. Farfetch disappointed investors with its slowing growth and ongoing losses, while the post-pandemic slowdown of the e-commerce market, inflation, rising interest rates, and other macro headwinds made it even less attractive. Farfetch’s online marketplace, which features nearly 1,300 luxury brands, connects sellers in over 50 countries to customers in more than 190 countries.
Consumers will likely shell out $1,455 per person for the holidays, according to a study from consulting firm Deloitte.
Farfetch ( NYSE:FTCH ) Third Quarter 2022 Results Key Financial Results Revenue: US$593.4m (up 1.9% from 3Q 2021). Net…
Shares of Farfetch (NYSE: FTCH) were taking a dive today after the luxury e-commerce fashion platform posted disappointing third-quarter earnings results and cut its guidance. Farfetch said revenue increased 1.9% in the quarter, or 14.1% in constant currency, to $593.4 million, which was short of estimates at $596.6 million. Gross merchandise volume (GMV), a measure of the dollar value of goods sold on the platform, was down 4.9%, or up 4.2% in constant currency, to $967.4 million.
KeyBanc analyst Noah Zatzkin maintained Farfetch Ltd (NYSE: FTCH) with an Overweight and a $13 price target. Macro headwinds materialized, largely as expected, with incremental softness versus expectations principally related to FTCH’s decision to pull back on demand generation spend in the U.S. to protect order contribution margin (+580 bps Y/Y) as the environment became increasingly promotional. Zatzkin expects 4Q as no different. He continues to view 2022 as a year of refinement and stabiliza
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