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Stitch Fix (SFIX) Outpaces Stock Market Gains: What You Should Know
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Stitch Fix (SFIX - Free Report) closed at $26.67 in the latest trading session, marking a +1.37% move from the prior day. This change outpaced the S&P 500's 0.64% gain on the day. Meanwhile, the Dow gained 0.7%, and the Nasdaq, a tech-heavy index, added 0.91%.
Prior to today's trading, shares of the online clothing styling service had gained 18.62% over the past month. This has outpaced the Retail-Wholesale sector's gain of 2.22% and the S&P 500's gain of 4.16% in that time.
Investors will be hoping for strength from SFIX as it approaches its next earnings release, which is expected to be March 11, 2019. In that report, analysts expect SFIX to post earnings of $0.05 per share. This would mark a year-over-year decline of 28.57%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $365.28 million, up 23.44% from the year-ago period.
SFIX's full-year Zacks Consensus Estimates are calling for earnings of $0.16 per share and revenue of $1.51 billion. These results would represent year-over-year changes of -58.97% and +23.22%, respectively.
Investors might also notice recent changes to analyst estimates for SFIX. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. SFIX currently has a Zacks Rank of #2 (Buy).
Looking at its valuation, SFIX is holding a Forward P/E ratio of 165.92. For comparison, its industry has an average Forward P/E of 13.35, which means SFIX is trading at a premium to the group.
It is also worth noting that SFIX currently has a PEG ratio of 7.37. 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 was holding an average PEG ratio of 1.3 at yesterday's closing price.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 32, putting it in the top 13% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Stitch Fix (SFIX) Outpaces Stock Market Gains: What You Should Know
Stitch Fix (SFIX - Free Report) closed at $26.67 in the latest trading session, marking a +1.37% move from the prior day. This change outpaced the S&P 500's 0.64% gain on the day. Meanwhile, the Dow gained 0.7%, and the Nasdaq, a tech-heavy index, added 0.91%.
Prior to today's trading, shares of the online clothing styling service had gained 18.62% over the past month. This has outpaced the Retail-Wholesale sector's gain of 2.22% and the S&P 500's gain of 4.16% in that time.
Investors will be hoping for strength from SFIX as it approaches its next earnings release, which is expected to be March 11, 2019. In that report, analysts expect SFIX to post earnings of $0.05 per share. This would mark a year-over-year decline of 28.57%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $365.28 million, up 23.44% from the year-ago period.
SFIX's full-year Zacks Consensus Estimates are calling for earnings of $0.16 per share and revenue of $1.51 billion. These results would represent year-over-year changes of -58.97% and +23.22%, respectively.
Investors might also notice recent changes to analyst estimates for SFIX. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. SFIX currently has a Zacks Rank of #2 (Buy).
Looking at its valuation, SFIX is holding a Forward P/E ratio of 165.92. For comparison, its industry has an average Forward P/E of 13.35, which means SFIX is trading at a premium to the group.
It is also worth noting that SFIX currently has a PEG ratio of 7.37. 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 was holding an average PEG ratio of 1.3 at yesterday's closing price.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 32, putting it in the top 13% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.