Figs (FIGS) Reports Break-Even Earnings for Q1

Company Performance - Figs reported break-even quarterly earnings per share, matching the Zacks Consensus Estimate of a loss of $0.01, and compared to earnings of $0.01 per share a year ago, resulting in an earnings surprise of 100% [1] - The company posted revenues of $124.9 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 4.71%, and compared to year-ago revenues of $119.29 million [2] - Over the last four quarters, Figs has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Stock Outlook - Figs shares have lost about 21% since the beginning of the year, while the S&P 500 has declined by 4.3% [3] - The current consensus EPS estimate for the coming quarter is $0.01 on $141.06 million in revenues, and $0.04 on $543.68 million in revenues for the current fiscal year [7] - The estimate revisions trend for Figs is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] Industry Context - The Retail - Apparel and Shoes industry, to which Figs belongs, is currently in the bottom 37% of over 250 Zacks industries, suggesting that the outlook for the industry can materially impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]