Farfetch Limited (FTCH) Stock Plunges 23% Following Q3 Results
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Farfetch (FTCH) PT Lowered to $42 at Cowen
November 19, 2021 7:56 AM ESTCowen analyst Oliver Chen lowered the price target on Farfetch (NYSE: FTCH) to $42.00 (from $50.00) while maintaining an Outperform rating.
The analyst commented, "Missed expectations for 3Q21 EPS and lowered FY21 guidance. We believe FTCH is better positioned vs. peers in terms of its... More
Farfetch (FTCH) Shares Crash 23% Following Earnings, Analysts Lower PTs but Remain Positive as 'Power of Platform Still Evident'
November 19, 2021 7:06 AM ESTShares of Farftech Limited (NYSE: FTCH) are down nearly 23% in pre-open Friday after the company reported worse-than-expected Q3 results.
Farfetch reported Q3 EPS of ($0.17) which is better than the analyst estimate of ($0.36). Revenue for the quarter came in at $583 million versus the consensus estimate of $591.34 million. GMV soared 97% on a 2-year basis.
We are seeing strong industry traction behind our platform strategy. Over 1,400 brands and retailers are not only listing more luxury products than ever, but also driving record media solutions revenue in recognition of our highly... More
Farfetch Limited (FTCH) Tops Q3 EPS by 19c
November 18, 2021 4:08 PM ESTFarfetch Limited (NYSE: FTCH) reported Q3 EPS of ($0.17), $0.19 better than the analyst estimate of ($0.36). Revenue for the quarter came in at $583 million versus the consensus estimate of $591.34 million.
Digital Platform Gross Merchandise Value (GMV) two-year growth accelerates to 97% in Q3 2021; Generates $828 million Digital Platform GMV, up... More