Fox Factory Holding (FOXF) Beats Q1 Earnings and Revenue Estimates

Group 1: Earnings Performance - Fox Factory Holding reported quarterly earnings of $0.23 per share, exceeding the Zacks Consensus Estimate of $0.22 per share, but down from $0.29 per share a year ago, representing an earnings surprise of 4.55% [1] - The company posted revenues of $355.03 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 8.06%, compared to year-ago revenues of $333.47 million [2] - Over the last four quarters, Fox Factory has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Fox Factory Holding shares have declined approximately 32.9% since the beginning of the year, contrasting with the S&P 500's decline of 4.3% [3] - The company's earnings outlook is mixed, with a current Zacks Rank of 3 (Hold), indicating expected performance in line with the market in the near future [6] - The current consensus EPS estimate for the upcoming quarter is $0.40 on revenues of $347.5 million, and for the current fiscal year, it is $1.88 on revenues of $1.42 billion [7] Group 3: Industry Context - The Automotive - Domestic industry, to which Fox Factory belongs, is currently in the bottom 22% of over 250 Zacks industries, suggesting potential challenges ahead [8] - The performance of Fox Factory's stock may be influenced by the overall outlook for the industry, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]