Fox Factory Holding (FOXF) Q3 Earnings and Revenues Lag Estimates

Core Viewpoint - Fox Factory Holding (FOXF) reported quarterly earnings of $0.35 per share, missing the Zacks Consensus Estimate of $0.42 per share, and down from $1.05 per share a year ago, indicating a significant earnings surprise of -16.67% [1][2] Financial Performance - The company posted revenues of $359.12 million for the quarter ended September 2024, which was 2.02% below the Zacks Consensus Estimate, compared to $331.12 million in the same quarter last year [2] - Over the last four quarters, Fox Factory has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance - Fox Factory Holding shares have declined approximately 45.1% since the beginning of the year, contrasting with the S&P 500's gain of 21.9% [3] - The current Zacks Rank for the stock is 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is $0.49 on revenues of $383.5 million, and for the current fiscal year, it is $1.56 on revenues of $1.43 billion [7] - The trend for estimate revisions ahead of the earnings release has been unfavorable, which may impact future stock movements [6] Industry Context - The Automotive - Domestic industry, to which Fox Factory belongs, is currently ranked in the bottom 31% of over 250 Zacks industries, suggesting potential challenges ahead [8]