Should You Sell Stitch Fix Stock After the Post-Earnings Crash?
There's no question about it. This was a rough earnings report for Stitch Fix (NASDAQ: SFIX).
In its fiscal second quarter, the personalized online styling service missed both analyst estimates and its own guidance, and the company slashed its full-year revenue growth forecast from a 20% to 25% range to 18% to 20%. Given that, it's not surprising that the stock plunged as much as 31% on Tuesday, even on a day when its growth stock peers surged with the Nasdaq up 4%.
The sell-off also comes after Stitch Fix shares exploded following its first-quarter earnings report in December, and the stock is still up nearly 40% from before that report came out.
Source Fool.com
