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FGI Industries Ltd reports results for the quarter ended March 31 - Earnings Summary

FGI Industries Ltd FGI.OQ reported a quarterly adjusted loss of 11 cents​​ per share for the quarter ended March 31, 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 a loss of 5 cents per share. Wall Street expected results to range from -10 cents to -1 cents per share.

Revenue rose 8% to $33.21 million from a year ago; analysts expected $33.00 million.

FGI Industries Ltd's reported EPS for the quarter was a loss of 7 cents​.

The company reported a quarterly loss of $629 thousand.

FGI Industries Ltd shares had fallen by 27.4% this quarter and lost 27.8% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 57.1% 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 $1.75

This summary was machine generated from LSEG data May 16 at 09:30 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Mar. 31 2025-0.05-0.11Missed
Dec. 31 2024-0.01-0.07Missed
Sep. 30 20240.03-0.01Missed
Jun. 30 20240.030.01Missed

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