Figs Inc reports results for the quarter ended June 30 - Earnings Summary

• Figs Inc FIGS.N reported quarterly adjusted earnings of 4 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 1 cents. The mean expectation of ten analysts for the quarter was for earnings of 2 cents per share. Wall Street expected results to range from 1 cents to 3 cents per share.

• Revenue rose 5.8% to $152.64 million from a year ago; analysts expected $144.26 million.

• Figs Inc's reported EPS for the quarter was 4 cents​.

• The company reported quarterly net income of $7.1 million.

• Figs Inc shares had risen by 16.1% this quarter and gained 5.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 11.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 7 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the apparel & accessories peer group is "buy."

• Wall Street's median 12-month price target for Figs Inc is $5.00, about 31% below its last closing price of $6.55

This summary was machine generated from LSEG data August 8 at 06:03 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)