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.
Earnings
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.
Past Earnings Performance
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).
Guidance
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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