Advertisement
New Zealand markets closed
  • NZX 50

    11,864.89
    -7.75 (-0.07%)
     
  • NZD/USD

    0.6144
    -0.0027 (-0.43%)
     
  • NZD/EUR

    0.5733
    -0.0008 (-0.14%)
     
  • ALL ORDS

    7,974.80
    -27.70 (-0.35%)
     
  • ASX 200

    7,724.30
    -25.40 (-0.33%)
     
  • OIL

    78.49
    -0.13 (-0.17%)
     
  • GOLD

    2,348.40
    +30.40 (+1.31%)
     
  • NASDAQ

    19,659.80
    +82.88 (+0.42%)
     
  • FTSE

    8,146.86
    -16.81 (-0.21%)
     
  • Dow Jones

    38,589.16
    -57.94 (-0.15%)
     
  • DAX

    18,002.02
    -263.66 (-1.44%)
     
  • Hang Seng

    17,941.78
    -170.85 (-0.94%)
     
  • NIKKEI 225

    38,814.56
    +94.09 (+0.24%)
     
  • NZD/JPY

    96.6520
    -0.1680 (-0.17%)
     

Farfetch Limited (FTCH) Reports Q1 Earnings: What Key Metrics Have to Say

Farfetch Limited (FTCH) reported $556.39 million in revenue for the quarter ended March 2023, representing a year-over-year increase of 8.1%. EPS of -$0.16 for the same period compares to -$0.37 a year ago.

The reported revenue represents a surprise of +6.26% over the Zacks Consensus Estimate of $523.64 million. With the consensus EPS estimate being -$0.27, the EPS surprise was +40.74%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

ADVERTISEMENT

Here is how Farfetch Limited performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Digital Platform - Active Consumers: 3992 thousand versus the three-analyst average estimate of 4069.33 thousand.

  • GMV (Gross Merchandise Value): $931.66 million versus $889.03 million estimated by three analysts on average.

  • Brand Platform GMV: $109.69 million versus $101.81 million estimated by three analysts on average.

  • Digital Platform GMV: $799.65 million versus $765.21 million estimated by three analysts on average.

  • Revenue- Digital Platform Fulfilment Revenue: $80.20 million versus $78.51 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +1.7% change.

View all Key Company Metrics for Farfetch Limited here>>>

Shares of Farfetch Limited have returned -8.7% over the past month versus the Zacks S&P 500 composite's +0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Farfetch Limited (FTCH) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research