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FGI Industries Ltd reports results for the quarter ended in December - Earnings Summary
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FGI Industries Ltd reports results for the quarter ended in December - Earnings Summary
  • FGI Industries Ltd FGI.OQ reported quarterly adjusted earnings of 6 cents​​ per share for the quarter ended in December, lower than the same quarter last year, when the company reported EPS of 10 cents. The mean expectation of two analysts for the quarter was for earnings of 7 cents per share.

  • Revenue fell 2.6% to $30.96 million from a year ago; analysts expected $30.41 million.

  • FGI Industries Ltd's reported EPS for the quarter was 5 cents​.

  • The company reported quarterly income of $538 thousand.

  • FGI Industries Ltd shares had fallen by 17.1% this quarter.

FORECAST CHANGES

  • The mean earnings estimate of analysts was unchanged in the last three months.​

  • In the last 30 days, there have been earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," "hold" and "sell" or "strong sell."

  • The average consensus recommendation for the home improvement products & services retailers peer group is also "buy"

Wall Street's median 12-month price target for FGI Industries Ltd is $2.75

This summary was machine generated from LSEG data March 20 at 11:11 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING

ESTIMATE

ACTUAL

BEAT, MET, MISSED

Dec. 31 2023

0.07

0.06

Missed

Sep. 30 2023

0.14

0.05

Missed

Jun. 30 2023

-0.05

0.01

Beat

Mar. 31 2023

0.04

-0.02

Missed

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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