FGI Industries Ltd reports results for the quarter - Earnings Summary

FGI Industries

12/11/2024 03:43

* FGI Industries Ltd  FGI.OQ  reported a quarterly adjusted
loss
of 1 cent​​ per share for the quarter , lower than the same
quarter last year, when the company reported EPS of 5 cents. 
The mean expectation of two analysts for the quarter was
for earnings of 3 cents per share. Wall Street expected
results to range from -3 cents to 9 cents per share.
    * Revenue rose 20.6% to $36.10 million from a year ago;
analysts
expected $30.69 million. 
    * FGI Industries Ltd's reported EPS for the quarter was a
loss
of 6 cents​.
    * The company reported a quarterly loss of $550 thousand.
    * FGI Industries Ltd shares had risen by 26.3% this
quarter and
lost 40.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the home
improvement
products & services retailers peer group is also "buy"

Wall Street's median 12-month price target for FGI Industries
Ltd is 2.50 
This summary was machine generated from LSEG data November 12 at
03:42 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.03           -0.01          Missed
 Jun. 30 2024      0.03           0.01           Missed
 Mar. 31 2024                     -0.05          
 Dec. 31 2023      0.07           0.06           Missed