FIGS Q4 2023 Adj EPS $0.05 Beats $0.02 Estimate, Sales $144.92M Miss $149.58M Estimate
Portfolio Pulse from Benzinga Newsdesk
FIGS reported Q4 2023 adjusted EPS of $0.05, surpassing the $0.02 estimate, but its sales of $144.92M fell short of the expected $149.58M. This represents a slight 0.01% increase in sales compared to the same period last year.
February 28, 2024 | 9:42 pm
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FIGS exceeded EPS estimates but missed on sales forecasts for Q4 2023, showing a marginal year-over-year sales growth.
While FIGS outperformed EPS expectations, the miss on sales forecasts could temper investor enthusiasm, leading to a neutral short-term impact on the stock price. The slight year-over-year sales growth indicates stability but may not be enough to significantly move the stock in either direction.
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