FGI Industries Q1 2024 Adj EPS $(0.05) Misses $(0.03) Estimate, Sales $30.754M Beat $27.684M Estimate
Portfolio Pulse from Benzinga Newsdesk
FGI Industries reported Q1 2024 adjusted EPS of $(0.05), missing the $(0.03) estimate, with sales of $30.754M beating the $27.684M estimate. This represents a 150% decrease in EPS and a 13.22% increase in sales year-over-year.
May 08, 2024 | 10:37 pm
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FGI Industries missed EPS estimates but beat sales forecasts for Q1 2024, indicating mixed financial performance.
The miss on EPS estimates could negatively impact investor sentiment, while the beat on sales forecasts may offset some of the negative impact. The significant decrease in EPS year-over-year is concerning, but the increase in sales suggests growth. Overall, the mixed results lead to a neutral short-term impact expectation.
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IMPORTANCE 75
RELEVANCE 100