Wall Street analysts forecast that Figs (FIGS) will report quarterly earnings of $0.02 per share in its upcoming release, pointing to a year-over-year increase of 100%. It is anticipated that revenues will amount to $165.73 million, exhibiting an increase of 9.2% compared to the year-ago quarter.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Figs metrics that are commonly monitored and projected by Wall Street analysts.
Analysts forecast 'Revenues- Non-Scrubwear' to reach $38.99 million. The estimate indicates a change of +4.9% from the prior-year quarter.
Analysts' assessment points toward 'Revenues- Scrubwear' reaching $128.10 million. The estimate suggests a change of +11.7% year over year.
The average prediction of analysts places 'Geographic Revenues- Rest of the world' at $29.81 million. The estimate indicates a year-over-year change of +22.5%.
The collective assessment of analysts points to an estimated 'Geographic Revenues- United States' of $137.20 million. The estimate indicates a change of +7.6% from the prior-year quarter.
It is projected by analysts that the 'Active customers' will reach 2,802 . The estimate is in contrast to the year-ago figure of 2,670 .
According to the collective judgment of analysts, 'Average order value' should come in at $119.38 . The estimate compares to the year-ago value of $113.00 .
The combined assessment of analysts suggests that 'Net revenues per active customer' will likely reach $212.03 . The estimate is in contrast to the year-ago figure of $208.00 .
View all Key Company Metrics for Figs here>>>
Over the past month, Figs shares have recorded returns of -4.2% versus the Zacks S&P 500 composite's -0.3% change. Based on its Zacks Rank #1 (Strong Buy), FIGS will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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FIGS, Inc. (FIGS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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