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

Figs

02/11/2023 21:38

* Figs Inc  FIGS.N  reported quarterly adjusted earnings of
3
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 2 cents.  The mean expectation of twelve analysts for the
quarter was for earnings of 3 cents per share. Wall Street
expected results to range from 2 cents to 4 cents per share.
    * Revenue rose 10.7% to $142.36 million from a year ago;
analysts
expected $131.51 million. 
    * Figs Inc's reported EPS for the quarter was 3 cents​.
    * The company reported quarterly net income of $6.15
million.
    * Figs Inc shares had fallen by 10.3% this quarter and
lost 21.4%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 35.3%
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 "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 5
"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 $8.75
This summary was machine generated from LSEG data November 2 at
09:38 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.03           0.03           Met
 Jun. 30 2023      0.01           0.02           Beat
 Mar. 31 2023      0.00           0.01           Beat
 Dec. 31 2022      0.01           0.05           Beat