FGI Industries Ltd reports results for the quarter - Earnings Summary

• FGI Industries Ltd FGI.OQ reported a quarterly adjusted loss of 1 cent​​ per share for the quarter , lower than the same quarter last year, when the company reported EPS of 5 cents. The mean expectation of two analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from -3 cents to 9 cents per share.

• Revenue rose 20.6% to $36.10 million from a year ago; analysts expected $30.69 million.

• FGI Industries Ltd's reported EPS for the quarter was a loss of 6 cents​.

• The company reported a quarterly loss of $550 thousand.

• FGI Industries Ltd shares had risen by 26.3% this quarter and lost 40.9% so far this year.

FORECAST CHANGES

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

• In the last 30 days, there have been no 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," no "hold" and no "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 2.50

This summary was machine generated from LSEG data November 12 at 03:42 a.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
Sep. 30 2024	0.03	-0.01	Missed
Jun. 30 2024	0.03	0.01	Missed
Mar. 31 2024		-0.05
Dec. 31 2023	0.07	0.06	Missed