Earnings Preview: FIGS
Portfolio Pulse from Benzinga Insights
FIGS (NYSE:FIGS) is scheduled to release its quarterly earnings report on February 28, 2024, with an estimated EPS of $0.02. Analysts and investors are keen on whether FIGS will surpass this estimate and provide positive guidance for the next quarter. The company's past earnings performance shows a mix of hits and misses, with the stock price reacting variably. Currently, FIGS shares are trading at $5.62, marking an 11.39% decline over the last 52 weeks, indicating general investor dissatisfaction ahead of the earnings release.
February 27, 2024 | 7:01 pm
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NEUTRAL IMPACT
FIGS is anticipated to report an EPS of $0.02 for the upcoming quarter. Historical performance shows variable stock price reactions to earnings announcements. Currently, the stock is down 11.39% over the past year, indicating potential investor concern.
The short-term impact on FIGS stock price post-earnings announcement could be neutral to slightly positive, given the anticipation of beating the EPS estimate and the potential for positive future guidance. However, the stock's recent performance and the mixed historical reaction to earnings reports suggest a cautious investor sentiment, making a significant price movement uncertain.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100