Fox Factory Hldg Q4 EPS $0.48 Misses $0.83 Estimate, Sales $332.50M Beat $327.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
Fox Factory Holding Corp. (FOXF) reported Q4 earnings of $0.48 per share, missing the consensus estimate of $0.83 by 42.17%. Year-over-year, earnings decreased by 66.43% from $1.43 per share. Q4 sales were $332.50M, exceeding estimates by 1.66% but representing an 18.63% decrease from the previous year's $408.64M.
February 22, 2024 | 9:07 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Fox Factory Holding Corp. (FOXF) missed Q4 EPS estimates by 42.17% and reported a significant year-over-year earnings decrease of 66.43%, though sales slightly exceeded expectations.
The significant miss in EPS estimates and the substantial year-over-year decrease in earnings are likely to negatively impact investor sentiment and stock price in the short term. The slight sales beat may not be enough to offset the negative earnings news.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100