Fox Manufacturing unit Holding (FOXF) Q1 Earnings: Taking a Have a look at Key Metrics Versus Estimates

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For the quarter ended March 2024, Fox Manufacturing unit Holding (FOXF) reported income of $333.47 million, down 16.6% over the identical interval final yr. EPS got here in at $0.29, in comparison with $1.20 within the year-ago quarter.

The reported income compares to the Zacks Consensus Estimate of $321.67 million, representing a shock of +3.67%. The corporate delivered an EPS shock of +52.63%, with the consensus EPS estimate being $0.19.

Whereas buyers scrutinize income and earnings adjustments year-over-year and the way they evaluate with Wall Avenue expectations to find out their subsequent transfer, some key metrics at all times supply a extra correct image of an organization’s monetary well being.

Since these metrics play a vital position in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps buyers higher venture a inventory’s value efficiency.

Right here is how Fox Manufacturing unit Holding carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Avenue analysts:

  • Internet Gross sales- Aftermarket Purposes Group: $101.85 million versus the two-analyst common estimate of $102.60 million.
  • Internet Gross sales- Powered Automobiles Group: $118.11 million in comparison with the $99.10 million common estimate primarily based on two analysts. The reported quantity represents a change of -58% yr over yr.
  • Internet Gross sales- Specialty Sports activities Group: $113.51 million versus the two-analyst common estimate of $117.30 million. The reported quantity represents a year-over-year change of -4.5%.

View all Key Company Metrics for Fox Factory Holding here>>>

Shares of Fox Manufacturing unit Holding have returned -15.6% over the previous month versus the Zacks S&P 500 composite’s -2.7% change. The inventory at the moment has a Zacks Rank #4 (Promote), indicating that it may underperform the broader market within the close to time period.

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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.

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