Streetbeat News

FGI

FGI Industries Ltd.

https://www.fgi-industries.com

Industry

Furnishings, Fixtures & Appliances

FGI Industries ltd. supplies kitchen and bath products in the United States, Canada, and Europe. The company sells sanitaryware products, such as toilets, sinks, pedestals, and toilet seats; wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry, medicine cabinets, and other storage systems; shower systems; and customer kitchen cabinetry and other accessory items under the Foremost, avenue, contrac, Jetcoat, rosenberg, and Covered Bridge Cabinetry brand names. It sells its products through mass retail centers, wholesale and commercial distributors, online retailers, independent dealers, and distributors. The company was incorporated in 2021 and is headquartered in East Hanover, New Jersey. FGI Industries Ltd. is a subsidiary of Foremost Groups Ltd.

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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.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 9:25 pm

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.

Portfolio Pulse from dijoy@benzinga.com

March 20, 2024 | 9:20 pm

Numerous companies are scheduled to report their quarterly earnings on March 20, 2024, with expectations ranging from significant profits to losses. Notable mentions include BioNTech with projected earnings of $2.64 per share, PDD Holdings expecting $1.60 per share, and Micron Technology anticipated to report a loss of $0.26 per share. The diversity in performance across sectors highlights the varied economic landscape.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 9:32 am

FGI Industries (NASDAQ:FGI) is scheduled to release its quarterly earnings report on March 20, 2024, with an expected EPS of $0.07. Analysts and investors are particularly interested in the company's guidance for future growth. FGI's past earnings performance shows a mixed record of beating and missing EPS estimates, with varying impacts on its stock price. Currently, FGI's shares are trading at $1.37, marking a 23.78% decline over the last year, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 4:01 pm

In Tuesday's pre-market session, several industrials stocks showed notable movements. AeroVironment (AVAV) led the gainers with an 18.0% increase following its Q3 earnings report, while BioNexus Gene Lab (BGLC) led the losers, dropping 12.1%. Other notable movements included Momentus (MNTS), WANG & LEE Group (WLGS), and Energy Focus (EFOI) among the gainers, and FGI Industries (FGI), MingZhu Logistics Hldgs (YGMZ), and Sidus Space (SIDU) among the losers.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 1:09 pm

During Thursday's intraday session, several industrial stocks experienced significant movements. Agrify (AGFY) led the gainers with a 28.8% increase, while Spirit Airlines (SAVE) saw the largest decline among the losers, dropping 27.3%. Other notable gainers included TuSimple Holdings (TSP) and Primech Holdings (PMEC), with rises of 24.0% and 11.86%, respectively. Among the losers, Li-Cycle Holdings (LICY) and Plug Power (PLUG) saw substantial decreases of 21.51% and 16.95%, respectively.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 5:31 pm

During Friday's intraday session, several industrial stocks experienced significant movements. BioNexus Gene Lab (BGLC) saw a substantial increase of 141.9%, while Micromobility com (MCOM) and ClearSign Technologies (CLIR) rose by 27.77% and 22.52%, respectively. Other gainers included ATIF Holdings (ATIF), Addentax Group (ATXG), and iSun (ISUN). Conversely, Jayud Global Logistics (JYD), Tigo Energy (TYGO), and Richtech Robotics (RR) were among the losers, with declines ranging from 5.89% to 11.6%.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 5:31 pm

FGI Industries reported Q3 2023 earnings of $0.05 per share, missing the analyst consensus estimate of $0.13 by 61.54%. The company's quarterly sales were $29.93 million, missing the estimate of $31.64 million by 5.40%. Both earnings and sales have decreased compared to the same period last year.

Portfolio Pulse from totan@benzinga.com

November 08, 2023 | 10:22 pm

FGI Industries is set to release its latest quarterly earnings report on November 8, 2023. Analysts estimate an earnings per share (EPS) of $0.13. The company's past performance shows a mixed trend of beating and missing EPS estimates, with corresponding changes in share price. The company's shares are currently trading at $1.4501 and have seen a 52.63% decrease over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 7:01 pm

Benzinga Insights has identified five value stocks in the consumer cyclical sector that may be worth watching: Academy Sports (ASO), Beazer Homes USA (BZH), Digital Brands Group (DBGI), Vince Holding (VNCE), and FGI Industries (FGI). All these companies have low P/E multiples, indicating they may be undervalued. This quarter, ASO, DBGI, and FGI have seen an increase in earnings per share, while BZH and VNCE have reported earnings per share for Q3.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 2:44 pm

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