Stitch Fix Likely To Report Narrower Q2 Loss; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Stitch Fix, Inc. (NASDAQ:SFIX) is anticipated to report a narrower loss of 20 cents per share for Q2 FY2024, improving from a 58 cents per share loss year-over-year. Revenue is expected at $330.86 million. The company's shares dropped 0.6% to $3.21 recently. Analysts from Telsey Advisory Group, Truist Securities, Piper Sandler, Webush, and Baird have provided various ratings and price targets, reflecting a cautious to negative outlook.
March 04, 2024 | 6:30 am
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Stitch Fix is projected to report a narrower Q2 loss and increased revenue. Recent analyst ratings range from cautious to negative, impacting investor sentiment.
The expected improvement in Q2 earnings and revenue for Stitch Fix suggests a positive operational direction, potentially boosting investor confidence. However, the mixed analyst ratings, with some maintaining neutral to negative outlooks and adjusting price targets downwards, could temper investor enthusiasm in the short term. The recent share price drop also indicates market caution. Overall, these factors contribute to a neutral short-term impact assessment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100