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Stitch Fix (SFIX) Stock Moves 0.11%: What You Should Know
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Stitch Fix (SFIX - Free Report) closed the most recent trading day at $26.88, moving +0.11% from the previous trading session. This change traded in line with S&P 500. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, added 0.19%.
Coming into today, shares of the online clothing styling service had lost 3.69% in the past month. In that same time, the Retail-Wholesale sector gained 5.17%, while the S&P 500 gained 4.42%.
Wall Street will be looking for positivity from SFIX as it approaches its next earnings report date. On that day, SFIX is projected to report earnings of -$0.01 per share, which would represent a year-over-year decline of 111.11%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $394.58 million, up 24.58% from the year-ago period.
SFIX's full-year Zacks Consensus Estimates are calling for earnings of $0.22 per share and revenue of $1.55 billion. These results would represent year-over-year changes of -43.59% and +26.55%, respectively.
Investors might also notice recent changes to analyst estimates for SFIX. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. SFIX is currently sporting a Zacks Rank of #2 (Buy).
Digging into valuation, SFIX currently has a Forward P/E ratio of 122.84. This represents a premium compared to its industry's average Forward P/E of 13.95.
Investors should also note that SFIX has a PEG ratio of 5.46 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Apparel and Shoes industry currently had an average PEG ratio of 1.33 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 98, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SFIX in the coming trading sessions, be sure to utilize Zacks.com.
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Stitch Fix (SFIX) Stock Moves 0.11%: What You Should Know
Stitch Fix (SFIX - Free Report) closed the most recent trading day at $26.88, moving +0.11% from the previous trading session. This change traded in line with S&P 500. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, added 0.19%.
Coming into today, shares of the online clothing styling service had lost 3.69% in the past month. In that same time, the Retail-Wholesale sector gained 5.17%, while the S&P 500 gained 4.42%.
Wall Street will be looking for positivity from SFIX as it approaches its next earnings report date. On that day, SFIX is projected to report earnings of -$0.01 per share, which would represent a year-over-year decline of 111.11%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $394.58 million, up 24.58% from the year-ago period.
SFIX's full-year Zacks Consensus Estimates are calling for earnings of $0.22 per share and revenue of $1.55 billion. These results would represent year-over-year changes of -43.59% and +26.55%, respectively.
Investors might also notice recent changes to analyst estimates for SFIX. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. SFIX is currently sporting a Zacks Rank of #2 (Buy).
Digging into valuation, SFIX currently has a Forward P/E ratio of 122.84. This represents a premium compared to its industry's average Forward P/E of 13.95.
Investors should also note that SFIX has a PEG ratio of 5.46 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Apparel and Shoes industry currently had an average PEG ratio of 1.33 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 98, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SFIX in the coming trading sessions, be sure to utilize Zacks.com.