FIGS Inc (FIGS) Q3 2024 Earnings Report Preview: What To Expect

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Nov 06, 2024

FIGS Inc (FIGS, Financial) is set to release its Q3 2024 earnings on Nov 7, 2024. The consensus estimate for Q3 2024 revenue is $143.14 million, and the earnings are expected to come in at -$0.01 per share. The full year 2024's revenue is expected to be $552.95 million and the earnings are expected to be $0.04 per share. More detailed estimate data can be found on the Forecast page.

FIGS Inc (FIGS, Financial) Estimates Trends

Over the past 90 days, revenue estimates for FIGS Inc (FIGS) for the full year 2024 have increased from $545.32 million to $552.95 million, and for 2025, from $570.4 million to $577.28 million. Earnings estimates have remained steady at $0.04 per share for the full year 2024 and at $0.11 per share for 2025.

FIGS Inc (FIGS, Financial) Reported History

In the previous quarter of June 30, 2024, FIGS Inc's (FIGS) actual revenue was $144.23 million, which beat analysts' revenue expectations of $142.26 million by 1.38%. FIGS Inc's (FIGS) actual earnings were $0.01 per share, which met analysts' earnings expectations. After releasing the results, FIGS Inc (FIGS) was down by -13.99% in one day.

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FIGS Inc (FIGS, Financial) 12 Month Price Targets

Based on the one-year price targets offered by 8 analysts, the average target price for FIGS Inc (FIGS) is $6 with a high estimate of $8 and a low estimate of $4.5. The average target implies a downside of -5.06% from the current price of $6.32.

Based on GuruFocus estimates, the estimated GF Value for FIGS Inc (FIGS, Financial) in one year is $9.12, suggesting an upside of 44.3% from the current price of $6.32.

Based on the consensus recommendation from 11 brokerage firms, FIGS Inc's (FIGS, Financial) average brokerage recommendation is currently 2.9, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

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This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.