Stitch Fix, Inc. (SFIX) shares are trading at $28.64, up 7%. The company is announcing its quarterly earnings results on Monday after the market close. What's driving SFIX stock price? What's SFIX stock price forecast?
Stitch Fix Inc sells a range of apparel, shoes, and accessories. The stock has generated a return of 11% in the past year. The company has strong customer retention, with over 2.7 million active clients.
Investors are showing interest in the company because of its strong revenue growth. On the other hand, a few bearish investors worry about the company's high valuation. Last quarter’s revenue rose 23% to $318.3 million and earnings per share came at $0.17 compared to -$0.04 for the same period last year.
First-quarter results for the fiscal year 2019 will be released after market close on December 10, 2018. Analysts expect the company to earn $0.03 per share on revenue of $357.97 million. The company beat analysts’ estimates twice in the previous three quarters.
What is the sentiment towards the SFIX stock? Our technical analysis shows that:
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