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

FGI Industries

08/08/2024 05:11

* FGI Industries Ltd  FGI.OQ  reported quarterly adjusted
earnings
of 1 cent​​ per share for the quarter ended in June, identical
to the same quarter last year.  The mean expectation of
two analysts for the quarter was for earnings of 3 cents per
share. 
    * Revenue rose 0.6% to $29.37 million from a year ago;
analysts
expected $30.64 million. 
    * FGI Industries Ltd's reported EPS for the quarter was 2
cents​.
    * The company reported quarterly net income of $163
thousand.
    * FGI Industries Ltd shares had fallen by 11.3% this
quarter and
lost 39.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.3%
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 August 8 at
04:11 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
 Jun. 30 2024      0.03           0.01           Missed
 Mar. 31 2024      -0.02          -0.05          Missed
 Dec. 31 2023      0.07           0.06           Missed
 Sep. 30 2023      0.14           0.05           Missed