Compared to Estimates, Fox Factory Holding (FOXF) Q3 Earnings: A Look at Key Metrics

Core Insights - Fox Factory Holding (FOXF) reported revenue of $359.12 million for Q3 2024, an 8.5% year-over-year increase, but fell short of the Zacks Consensus Estimate of $366.51 million by -2.02% [1] - The company's EPS for the quarter was $0.35, down from $1.05 a year ago, and also missed the consensus estimate of $0.42 by -16.67% [1] Revenue Performance - Net Sales for the Aftermarket Applications Group were $100.28 million, below the average estimate of $115.80 million [3] - Net Sales for the Powered Vehicles Group were $109.34 million, compared to the estimated $113.95 million, reflecting a year-over-year decline of -11.2% [3] - Net Sales for the Specialty Sports Group reached $149.50 million, exceeding the average estimate of $140.80 million, with a significant year-over-year increase of +107.6% [3] Stock Performance - Over the past month, shares of Fox Factory Holding have declined by -8.5%, while the Zacks S&P 500 composite decreased by -1% [4] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [4]