Recap: FGI Industries Q4 Earnings
Portfolio Pulse from Benzinga Insights
FGI Industries (NASDAQ:FGI) reported Q4 earnings with an EPS of $0.06, missing estimates by -14%, and a revenue decrease of $833k from the previous year. Despite past earnings misses, the share price increased by 2.0% the day after last quarter's earnings were announced.
March 20, 2024 | 9:25 pm
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FGI Industries reported a Q4 EPS of $0.06, missing estimates by 14%, with a year-over-year revenue decrease of $833k.
The miss in both EPS and revenue indicates a potential negative short-term impact on FGI's stock price. Historically, earnings misses can lead to a decrease in investor confidence and a subsequent drop in stock price. However, it's noted that despite a previous miss, the share price increased by 2.0% the day after the last earnings announcement, suggesting that market reactions can be unpredictable.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100