Figs Inc reports results for the quarter ended in March - Earnings Summary

Figs

11/05/2024 01:18

* Figs Inc  FIGS.N  reported quarterly adjusted earnings of
1
cent​​ per share for the quarter ended in March, identical to
the same quarter last year.  The mean expectation of
eleven analysts for the quarter was for breakeven results per
share. Wall Street expected results to range from -2 cents to 1
cents per share.
    * Revenue fell 0.8% to $119.29 million from a year ago;
analysts
expected $117.54 million. 
    * Figs Inc's reported EPS for the quarter was 1 cent​.
    * The company reported quarterly net income of $1.44
million.
    * Figs Inc shares had risen by 12.9% this quarter and
lost 19.1%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 155.7% 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 "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 7
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "hold"

Wall Street's median 12-month price target for Figs Inc is $6.00
This summary was machine generated from LSEG data May 11 at
12:18 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
 Mar. 31 2024      0.00           0.01           Beat
 Dec. 31 2023                     0.05           
 Sep. 30 2023                     0.03           
 Jun. 30 2023      0.01           0.02           Beat