JUMP REPORT
FARFETCH LTD (FTCH)
EARNINGS RELEASE - AUGUST 13 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.35/share REV: 326.9/M
___________________________________________________________
NEXT QTR: EPS: -.35/share REV: 321.3/M
____________________________________________________________
FULL YR: EPS: 1.18/share REV: 1,420/M
____________________________________________________________
LAST QTR: EPS: -.33/share ACTUAL: -.24/share (BEAT)
BEAT/MISS RECORD: 100% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -14.78, 22.6, 37.03
EXPECTED JUMP MOVE THIS QUARTER: 15+%
——–
*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before tradin
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
StockJumpers analysis and trade plans are finalized and uploaded generally one house before market cloase (3PM EST) for most events unless noticed.
“I’m sorry, this content is for members only. To access this content, you must log in with your membership credentials – OR if you are not a member yet, visit our registration page here and get signed up Looking forward to having you on-board ASAP”
There is a significant amount of data behind the scenes involved in the analysis and trade plan tab above, that does not get put into the report. Too much information for traders often confuses things – so this is stripped down to only what is needed to make the best possible decision(s) on trading the trajectory.
Members who are too busy to manual trade can use Trade Assist. For more information visit here
Avg Daily Volume: 4,511,729 Market Cap: 6.66B
Sector: None Short Interest: 17.49
Ticker delayed 20 minutes
NOTICE: All material on this site has been published for informational and educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced here or in our websites. StockJumpers is not an Investment Adviser and relies on the publisher’s exemption as defined in Section 401(f) of the Uniform Securities Act, and provides no personal advice or recommendations. The services and published information contained herein is for non-commercial, educational use and display. StockJumpers and any of its affiliates does not represent that the securities or services discussed are suitable for any investor. You should assume that StockJumpers and or its management has or will take a position in the stock, whether it is stated or not. You are further advised not to rely on any information contained in this report and associated websites in the process of making a fully informed investment decision. Trading is risky and you can lose your investment. For the complete risk disclosure and other legal information please review the full Terms of Use Agreement.
by Team Stockjumpers