Preview: Farfetch's Earnings
Portfolio Pulse from Benzinga Insights
Farfetch (NYSE:FTCH) is scheduled to release its quarterly earnings report on Wednesday, 2023-11-29, with an estimated EPS of $-0.14. Investors are looking for an earnings beat and positive guidance for the next quarter. Despite beating EPS last quarter, FTCH's stock dropped 45.17% the following day. Over the past year, FTCH shares have declined by 79.65%, indicating potential dissatisfaction among long-term shareholders.
November 28, 2023 | 2:01 pm
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Farfetch is expected to report an EPS of $-0.14 for the latest quarter. Investors will focus on earnings results and future guidance, which could significantly impact the stock price. Historical performance shows high volatility post-earnings.
The short-term impact on FTCH's stock price will likely hinge on whether the company beats the earnings estimate and provides positive guidance. However, given the stock's drop after a previous earnings beat, the market reaction could be unpredictable. The 79.65% decline over the past year suggests a bearish sentiment that may temper any positive earnings impact.
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