JUMP REPORT
STITCHFIX INC (SFIX)
EARNINGS RELEASE - JUNE 8 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.16/share REV: 406.6/M
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LAST QTR: EPS: .06/share ACTUAL: .11/share (BEAT)
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NEXT QTR: EPS: -.15/share REV: 404.70/M
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FULL YR: EPS: -.20/Share REV: 1,710/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: 100% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -32.67, 13.7, -15.3
EXPECTED JUMP MOVE: 10-15%
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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
Shares of Stitch Fix (NASDAQ: SFIX) jumped today, even though there was no news out on the online styling service. Instead, the stock seemed to go higher because it’s seen as a potential AI play due to the data science and algorithms it uses to select clothes for its customers. As of 12:18 p.m. ET, the stock was up 16.1%.
Shares of apparel e-commerce company Stitch Fix (NASDAQ: SFIX) fell sharply on Wednesday, down 10% as of 2 p.m. ET. BlackRock is one of the world’s largest asset management firms and in recent years has taken an interest in Stitch Fix stock. By the end of 2020, the firm had purchased nearly 4.4 million shares of Stitch Fix, good for 6.9% of total shares.
Indeed, today’s market environment allows investors to buy high-quality stocks at a significant discount. Investors may want to rethink their positions in the three stocks described below. Justin Pope (Nvidia): Semiconductors are becoming increasingly important in a world that is ever more reliant on technology.
The company’s struggle to evolve is a bad sign for a sector that is desperately seeking reinvention.
Stitch Fix (SFIX) focuses on expanding the company’s product assortments and driving awareness for personalized shopping. It remains optimistic about the Freestyle drive.
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by Team Stockjumpers