FGI Industries Ltd reports results for the quarter ended in December - Earnings Summary

FGI Industries

20/03/2024 23:12

* FGI Industries Ltd  FGI.OQ  reported quarterly adjusted
earnings
of 6 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 10 cents.  The mean expectation of two analysts for the
quarter was for earnings of 7 cents per share. 
    * Revenue fell 2.6% to $30.96 million from a year ago;
analysts
expected $30.41 million. 
    * FGI Industries Ltd's reported EPS for the quarter was 5
cents​.
    * The company reported quarterly net income of $538
thousand.
    * FGI Industries Ltd shares had fallen by 17.1% this
quarter.

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 $2.75 
This summary was machine generated from LSEG data March 20 at
11:11 p.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
 Dec. 31 2023      0.07           0.06           Missed
 Sep. 30 2023      0.14           0.05           Missed
 Jun. 30 2023      -0.05          0.01           Beat
 Mar. 31 2023      0.04           -0.02          Missed