Stitch Fix Inc. (SFIX) shares are soaring 5.04% in Wednesday's trading session, as investors show optimism ahead of the company's fourth-quarter earnings report scheduled for later today. The online personal styling service is expected to announce its financial results after the market closes.
According to the earnings calendar, analysts are anticipating Stitch Fix to report a loss of $0.10 per share for the quarter. This upcoming earnings release has sparked interest among investors, potentially driving the stock's significant upward movement during the trading day.
While the market appears bullish, it's worth noting that Telsey Advisory has maintained a Hold rating on Stitch Fix, with a price target of $6.00. This suggests that some analysts remain cautious about the company's near-term prospects despite the current stock rally.