FGI Industries Q4 EPS $0.06 Misses $0.07 Estimate, Sales $30.96M Beat $30.40M Estimate
Portfolio Pulse from dijoy@benzinga.com
FGI Industries reported Q4 earnings of $0.06 per share, missing the consensus estimate of $0.07, and a 45.45% decrease from last year. Sales were $30.96M, beating the $30.40M estimate but down 2.62% from the previous year.
March 20, 2024 | 9:20 pm
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NEGATIVE IMPACT
FGI Industries missed Q4 EPS estimates but slightly beat revenue forecasts, with a significant decrease in earnings and a slight decrease in sales YOY.
Missing the EPS estimate and reporting a significant decrease in earnings YOY are negative indicators that could lead to a short-term decrease in FGI's stock price. However, slightly beating sales estimates might mitigate the impact slightly.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100