Why Stitch Fix's Stock Price Is Falling Ahead of Earnings
Stitch Fix (NASDAQ: SFIX) will report results for its fiscal second quarter on Tuesday, March 8, after the market closes. Wall Street analysts have soured on the stock lately, with the company forecasting flattish top-line growth for fiscal 2022 (which ends in July).
After seeing its stock price fall 85% over the last year, Stitch Fix has a market cap of just $1.3 billion, while generating trailing-12-month revenue of $2.2 billion.
At this low price-to-sales valuation level, this innovative styling service might be a bargain, but investors should probably wait until after earnings before buying shares. Here are the key things to watch when Stitch Fix reports earnings.
Source Fool.com
