Recap: Fox Factory Holding Q3 Earnings

Fox Factory Holding FOXF reported its Q3 earnings results on Thursday, November 4, 2021 at 04:05 PM.

Here's what investors need to know about the announcement.

Fox Factory Holding their estimated earnings by 5.31%, reporting an EPS of $1.19 versus an estimate of $1.13, which did not surprise analysts.

Revenue was up $86,735,000 from the same period last year.

Last quarter the company beat on EPS by $0.18, which was followed by a 0.66% drop in the share price the next day.

Here's a look at Fox Factory Holding's past performance:

Quarter	Q2 2021	Q1 2021	Q4 2020	Q3 2020
EPS Estimate	1.02	0.82	0.79	0.87
EPS Actual	1.20	1.05	0.90	1.07
Revenue Estimate	292.45M	267.74M	248.15M	252.49M
Revenue Actual	328.16M	281.14M	262.39M	260.70M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Fox Factory Holding management provided guidance for their next quarter, expecting earnings between $0.95 and $1.15 per share for the nextquarter.

This represents a -11.76% in quarter-over-quarter growth for Fox Factory Holding, a bearish signal to many investors.

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