Stitch Fix (SFIX) Outpaces Stock Market Gains: What You Should Know

Asia's Tech News Daily

In the latest trading session, Stitch Fix (SFIX) closed at $27.79, marking a +1.46% move from the previous day. This change outpaced the S&P 500’s 0.23% gain on the day. At the same time, the Dow lost 0.03%, and the tech-heavy Nasdaq gained 0.09%.

Click to get this free report, Zacks Investment Research

– Zacks

Prior to today’s trading, shares of the online clothing styling service had lost 18.12% over the past month. This has lagged the Retail-Wholesale sector’s gain of 1.44% and the S&P 500’s gain of 3.34% in that time.

Wall Street will be looking for positivity from Stitch Fix as it approaches its next earnings report date. This is expected to be December 7, 2021. The company is expected to report EPS of -$0.13, down 244.44% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $572.27 million, up 16.69% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.71 per share and revenue of $2.45 billion, which would represent changes of -787.5% and +16.45%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for Stitch Fix. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Stitch Fix is holding a Zacks Rank of #3 (Hold) right now.

The Retail – Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 68, putting it in the top 27% 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.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

Download FREE: How to Profit from Trillions on Spending for Infrastructure >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

 

Stitch Fix, Inc. (SFIX): Free Stock Analysis Report

 

To read this article on Zacks.com click here.

 

Zacks Investment Research

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

F5 Networks (FFIV) Stock Sinks As Market Gains: What You Should Know

In the latest trading session, F5 Networks (FFIV) closed at $229.61, marking a -1.12% move from the previous day. This change lagged the S&P 500’s 0.31% gain on the day. ... Read more »

Corning (GLW) Gains But Lags Market: What You Should Know

Corning (GLW) closed the most recent trading day at $38.32, moving +0.24% from the previous trading session. The stock lagged the S&P 500’s daily gain of 0.31%. Elsewhere, the Dow ... Read more »

HCA Healthcare (HCA) Outpaces Stock Market Gains: What You Should Know

HCA Healthcare (HCA) closed at $240.51 in the latest trading session, marking a +0.8% move from the prior day. The stock outpaced the S&P 500’s daily gain of 0.31%. Elsewhere, ... Read more »

Astrek Raises INR 75 lakh

Astrek Innovations, a healthcare startup working on rehabilitation and assistive robotics, has raised INR 75 lakh in a funding round led by IAN Fund. The funds will be utilized  to ... Read more »

BlackRock (BLK) Outpaces Stock Market Gains: What You Should Know

BlackRock (BLK) closed at $923.86 in the latest trading session, marking a +0.32% move from the prior day. The stock outpaced the S&P 500’s daily gain of 0.31%. Elsewhere, the ... Read more »

Clearfield (CLFD) Outpaces Stock Market Gains: What You Should Know

Clearfield (CLFD) closed the most recent trading day at $66.30, moving +0.9% from the previous trading session. This change outpaced the S&P 500’s 0.31% gain on the day. Elsewhere, the ... Read more »

ROKU Surges on YouTube Kiss n' Makeup

Roku ROKU bulls woke up to some great news on Wednesday and got to enjoy a nearly 20% surge in shares.The stock opened at $236 and made its way to ... Read more »

MicroStrategy (MSTR) Outpaces Stock Market Gains: What You Should Know

In the latest trading session, MicroStrategy (MSTR) closed at $636.54, marking a +1.33% move from the previous day. This change outpaced the S&P 500’s 0.31% gain on the day. Elsewhere, ... Read more »

Match Group (MTCH) Outpaces Stock Market Gains: What You Should Know

Match Group (MTCH) closed the most recent trading day at $135.60, moving +0.86% from the previous trading session. The stock outpaced the S&P 500’s daily gain of 0.31%. Elsewhere, the ... Read more »

3 Stocks to Buy and Hold for Retirement

Buy and Hold Investing Can Set You Up For a Nice Retirement It’s safe to say that stocks play a valuable role in investing for retirement, regardless of how close ... Read more »

Logitech (LOGI) Outpaces Stock Market Gains: What You Should Know

Logitech (LOGI) closed at $82.43 in the latest trading session, marking a +1.18% move from the prior day. The stock outpaced the S&P 500’s daily gain of 0.31%. Elsewhere, the ... Read more »

Abbott (ABT) Stock Sinks As Market Gains: What You Should Know

Abbott (ABT) closed at $132.37 in the latest trading session, marking a -0.04% move from the prior day. This change lagged the S&P 500’s daily gain of 0.31%. Meanwhile, the ... Read more »

How to Find the Hidden Money and Assets in Your Business

Imagine you own a $1 million house that you don’t live in. You leave it sitting empty, you don’t tell people about it, you don’t put a listing on a ... Read more »

Less than 2% of companies get A grade on climate crisis disclosures

(Jane Barlow/PA) (PA Archive) The number of companies considered leaders on climate crisis action and transparency has fallen sharply this year, according to a global study of more more than ... Read more »

FTSE 100 Live: Sterling pressure continues ahead of Plan B curbs, Rolls-Royce posts update

(ESI) Pressure on sterling in the wake of Boris Johnson's Plan B restrictions has continued after the pound fell to a 2021 low yesterday. Sterling remained close to 1.32 versus ... Read more »

Frasers forecasts full-year profit leap despite supply chain and pandemic woes

Mike Ashley’s Frasers Group has reported surging half-year profits and forecast a jump in annual earnings despite revealing a hit from supply chain costs and pandemic uncertainty. The parent company ... Read more »

Mirae Asset-led consortium wins legal battle with Chinese insurer over hotel purchase deal

SEOUL, Dec. 9 (Yonhap) — A consortium led by South Korea’s leading asset management firm Mirae Asset Global Investments said Thursday it has won a legal battle with China’s Anbang ... Read more »

Demand still strong for India-made AstraZeneca vaccine doses - COVAX's GAVI

FILE PHOTO: A man displays a vial AstraZeneca’s COVISHIELD vaccine as the country receives its first batch of coronavirus disease (COVID-19) vaccines under COVAX scheme, in Accra By Krishna N. ... Read more »

UK's FirstGroup flags uncertainty in recovery pace amid new restrictions

FILE PHOTO: First Student school buses parked in San Francisco (Reuters) – British transport company FirstGroup warned on Thursday of uncertainty in its recovery pace because of new restrictions imposed ... Read more »

Go-Ahead admits to ‘serious errors' over running of Southeastern trains

Train operator Go-Ahead Group has admitted to serious errors and failures in the way it ran the Southeastern rail franchise prior to it being taken over by the Government in ... Read more »

Moonpig's first-half revenue falls as COVID boost fades

LONDON (Reuters) – British online greetings card company Moonpig reported a 8.5% drop in first-half revenue after the reopening of high street rivals that were forced to close in the ... Read more »

Harbour Energy sets $200 million annual dividend policy

LONDON (Reuters) –Harbour Energy has introduced a $200 million annual dividend policy, equating to 16 pence per share, it said on Thursday on the company's first post-merger capital markets day. ... Read more »

Meet the Man with a Plan to Bring Life to the Desert

Verticroft holdings is an innovator in the UAE for vertically integrated food security solutions, with a solid track record of producing some of the best lamb meat in the world, ... Read more »

TVS Capital Funds: Empowering Next-generation Entrepreneurs

TVS Capital was founded in 2007 with the aim of identifying exciting next-generation entrepreneurs and empowering them by providing not just capital but also capability capital which includes the networks ... Read more »

Axis AMC's Growth Avenues AIF achieves final close, hits Rs 1,000-crore target

Axis Asset Management Company, an arm of private sector lender Axis Bank, has raised over Rs 1,000 crore through the final close of Axis Growth Avenues AIF – I, aiming ... Read more »

The Chennai Angels: A Sector and Geography Agnostic Fund

The Chennai Angels (TCA) was formed in 2007 by a group of prominent successful entrepreneurs from TiE Chennai, who felt that they needed a funding arm to support the companies ... Read more »

HSBC suddenly closed account for our charity helping people in Kenya

Photograph: Neil Cooper/Alamy I am treasurer of a smallish charity, Akamba Aid Fund, which has supported impoverished communities in Kenya for the last 21 years. We’ve built wells, dams, health ... Read more »

Will the Mateverse and GameFi be a new battlefield for blockchains?

There have been many metaverse cryptocurrency projects that are doing very similar things as Meta but they are doing it in more of a decentralized capacity as their metaverses aren’t ... Read more »

Analysis-Superbonus! Italy's green growth gambit lines homes and pockets

A view of scaffoldings of a building in Rome By Gavin Jones and Giuseppe Fonte ROME (Reuters) – When Briton Candida Arvanitakis decided to make her 18th century Italian holiday ... Read more »

Plan B: Retail and property chiefs react on the hit firms face from new rules

New Covid restrictions could impact West End footfall (REUTERS) A move to Plan B Covid-19 restrictions has been announced by the Prime Minister Boris Johnson, leaving business leaders in certain ... Read more »

Trucks catch up in the self-driving vehicle race

Trucks catch up in the self-driving vehicle race By Nick Carey and Paul Lienert OXFORD, England (Reuters) – We'd all be whizzing round in robotaxis by now if Elon Musk ... Read more »

Saga to introduce paid leave for birth of a grandchild

Photograph: lolostock/Alamy The birth of a grandchild may be considered a priceless gift in itself, but for some grandparents it now comes with a new perk – an extra week ... Read more »

How to Find Your Calling as an Entrepreneur

What path is best when establishing a business? There are, arguably, two paths that an entrepreneur can take. The first being to follow the needs of the market and building ... Read more »

State-run deposit insurer completes sale of 9.33 stake in Woori Financial

SEOUL, Dec. 9 (Yonhap) — South Korea’s state-run deposit insurer said Thursday that it has completed the sale of a 9.33 percent stake in Woori Financial Holdings Co. In a ... Read more »

How Software Developer Freelancers are Filling the Skill Gap

Freelancers are a vital part of the tech industry. They take on a wide range of tasks and cover the gaps in IT teams. With the rapid digitization of businesses, ... Read more »

Foreigners turn net buyers of local stocks in November

SEOUL, Dec. 9 (Yonhap) — Foreign investors purchased a net of about US$2.52 billion worth of shares on South Korea’s stock market in November as they picked up chips and ... Read more »

5 Challenges Confronting Every Business and Their Personal Brand

In a world where businesses compete for attention, entrepreneurs should prioritize establishing an image that stands out. Personal branding remains vital, needing thoughtful planning to attract the target audience. To impact ... Read more »

Employee Feedback: Our Biggest Asset in the War on Talent

The war on talent has never been more prevalent — or more confusing. Between mid-March and mid-April 2020, shifts worked in the U.S. dropped by more than a third as ... Read more »

Bond issuance in S. Korea edges down in Nov.

SEOUL, Dec. 9 (Yonhap) — Bond issuance in South Korea inched down in November from the previous month amid rising interest rates, data showed Thursday. The value of bonds sold ... Read more »

[Interactive] Internet banking users reach record high in H1

South Korea’s internet banking services continued to grow in the first half of the year, with the number of users and daily transactions rising to new highs, central bank data ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic