FGI Industries Ltd reports results for the quarter ended June 30 - Earnings Summary

• FGI Industries Ltd FGI.OQ reported a quarterly adjusted loss of 61 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 4 cents. The mean expectation of two analysts for the quarter was for a loss of 2 cents per share. Wall Street expected results to range from -30 cents to 25 cents per share.

• Revenue rose 5.5% to $31.00 million from a year ago; analysts expected $32.66 million.

• FGI Industries Ltd's reported EPS for the quarter was a loss of 64 cents​.

• The company reported a quarterly loss of $1.23 million.

• FGI Industries Ltd shares had risen by 20.2% this quarter and gained 0.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 75% 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 "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the home improvement products & services retailers peer group is also "buy"

• Wall Street's median 12-month price target for FGI Industries Ltd is $8.75, about 55.5% above its last closing price of $3.89

This summary was machine generated from LSEG data August 11 at 09:49 p.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)