FIGS Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

FIGS (NYSE:FIGS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$140.2m (down 1.5% from 3Q 2023).
• Net loss: US$1.70m (down by 128% from US$6.15m profit in 3Q 2023).
• US$0.01 loss per share (down from US$0.036 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

FIGS EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 25%.

Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Luxury industry in the US.

Performance of the American Luxury industry.

The company's shares are down 24% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for FIGS that you should be aware of.

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