FGI Industries Q1 EPS $(0.05) Misses $(0.02) Estimate, Sales $30.75M Beat $27.68M Estimate
Portfolio Pulse from Benzinga Newsdesk
FGI Industries reported Q1 EPS of $(0.05), missing the $(0.02) estimate, but sales of $30.75M exceeded the $27.68M forecast, marking a 13.22% increase from last year.
May 08, 2024 | 10:17 pm
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NEUTRAL IMPACT
FGI Industries missed EPS estimates but surpassed sales forecasts in Q1, indicating mixed financial performance.
The miss in EPS estimates could negatively impact investor sentiment, while the beat on sales forecasts could offset some of the negative impact. The mixed results present a neutral short-term outlook for FGI's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100