Brokers Issue Forecasts for FIGS, Inc.’s Q3 2024 Earnings (NYSE:FIGS)

FIGS, Inc. (NYSE:FIGSFree Report) – Stock analysts at Roth Capital decreased their Q3 2024 earnings per share estimates for shares of FIGS in a research note issued on Friday, May 10th. Roth Capital analyst M. Koranda now forecasts that the company will earn $0.01 per share for the quarter, down from their prior estimate of $0.03. The consensus estimate for FIGS’s current full-year earnings is $0.04 per share. Roth Capital also issued estimates for FIGS’s Q4 2024 earnings at $0.04 EPS, FY2024 earnings at $0.06 EPS, Q3 2025 earnings at $0.02 EPS, Q4 2025 earnings at $0.05 EPS and FY2025 earnings at $0.12 EPS.

FIGS (NYSE:FIGSGet Free Report) last posted its earnings results on Thursday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. FIGS had a net margin of 4.07% and a return on equity of 6.12%. The company had revenue of $119.29 million during the quarter, compared to analysts’ expectations of $117.38 million. During the same quarter last year, the company posted $0.01 EPS. FIGS’s quarterly revenue was down .8% compared to the same quarter last year.

Other analysts also recently issued reports about the company. Bank of America restated an “underperform” rating and issued a $4.50 price target (down from $8.50) on shares of FIGS in a research note on Tuesday, April 2nd. The Goldman Sachs Group lowered their price target on shares of FIGS from $4.85 to $4.25 and set a “sell” rating on the stock in a research report on Tuesday, April 23rd. Barclays dropped their price objective on shares of FIGS from $7.00 to $5.00 and set an “equal weight” rating for the company in a research note on Friday, March 1st. Roth Mkm decreased their target price on shares of FIGS from $7.50 to $6.75 and set a “buy” rating on the stock in a research report on Friday, May 10th. Finally, Oppenheimer downgraded shares of FIGS from an “outperform” rating to a “market perform” rating in a research report on Friday, March 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, FIGS currently has an average rating of “Hold” and a consensus price target of $5.30.

Check Out Our Latest Stock Analysis on FIGS

FIGS Stock Up 4.2 %

Shares of NYSE:FIGS opened at $6.01 on Monday. The stock has a market cap of $1.02 billion, a PE ratio of 54.64, a P/E/G ratio of 30.06 and a beta of 1.41. FIGS has a 12-month low of $4.37 and a 12-month high of $8.84. The business has a 50 day moving average of $5.04 and a 200-day moving average of $5.95.

Insider Buying and Selling at FIGS

In other FIGS news, CFO Daniella Turenshine sold 15,762 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $5.54, for a total transaction of $87,321.48. Following the completion of the sale, the chief financial officer now directly owns 409,858 shares in the company, valued at $2,270,613.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Heather L. Hasson sold 28,614 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $4.89, for a total value of $139,922.46. Following the sale, the insider now directly owns 468,870 shares in the company, valued at approximately $2,292,774.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Daniella Turenshine sold 15,762 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $5.54, for a total transaction of $87,321.48. Following the transaction, the chief financial officer now owns 409,858 shares of the company’s stock, valued at $2,270,613.32. The disclosure for this sale can be found here. Insiders have sold a total of 46,200 shares of company stock valued at $237,349 in the last ninety days. 22.30% of the stock is currently owned by company insiders.

Institutional Trading of FIGS

A number of hedge funds and other institutional investors have recently modified their holdings of FIGS. Banque Cantonale Vaudoise boosted its holdings in shares of FIGS by 50.0% during the 1st quarter. Banque Cantonale Vaudoise now owns 6,000 shares of the company’s stock valued at $30,000 after acquiring an additional 2,000 shares in the last quarter. Swiss National Bank boosted its stake in shares of FIGS by 1.1% during the third quarter. Swiss National Bank now owns 280,700 shares of the company’s stock valued at $1,656,000 after purchasing an additional 3,100 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of FIGS by 23.6% during the first quarter. Janney Montgomery Scott LLC now owns 16,977 shares of the company’s stock worth $85,000 after purchasing an additional 3,247 shares during the last quarter. Evoke Wealth LLC increased its stake in shares of FIGS by 77.8% in the fourth quarter. Evoke Wealth LLC now owns 19,191 shares of the company’s stock valued at $133,000 after buying an additional 8,395 shares during the period. Finally, Corton Capital Inc. increased its stake in shares of FIGS by 76.1% in the third quarter. Corton Capital Inc. now owns 22,130 shares of the company’s stock valued at $131,000 after buying an additional 9,563 shares during the period. Institutional investors own 92.21% of the company’s stock.

FIGS Company Profile

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FIGS, Inc operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States and internationally. It designs and sells healthcare apparel and scrubwear and non-scrubwear offerings, such as outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other apparel.

Further Reading

Earnings History and Estimates for FIGS (NYSE:FIGS)

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