Figs Announces Q3 Earnings Per Share of 5 Cents, Exceeding Consensus Estimate of 2 Cents
Q3 Revenue Performance: FIGS reported a Q3 revenue of $151.7 million, surpassing the consensus estimate of $142.46 million.
CEO's Statement: Trina Spear, CEO and Co-Founder, highlighted that the results exceeded internal expectations and marked the strongest revenue growth in two years.
Business Momentum: The company attributes its success to a strong product assortment and impactful brand moments, which have driven momentum in scrubwear and the U.S. business.
Long-term Outlook: FIGS believes that their strategic actions will enhance the fundamental drivers of their healthy business in the long run, reinforcing their position as leaders in the market.
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FIGS Inc Sees Options Trading Volume Surge to 9,198 Contracts
- Active Options Trading: FIGS Inc's options trading volume surged to 9,198 contracts, representing approximately 919,800 shares, which is about 43.5% of its average daily trading volume of 2.1 million shares over the past month, indicating heightened market interest in the stock.
- High Demand Options: Among FIGS options, the $7.50 strike call option expiring on January 16, 2026, has seen a trading volume of 4,770 contracts, equivalent to approximately 477,000 shares, reflecting strong investor expectations for the stock's future appreciation.
- Willdan Group Activity: Concurrently, Willdan Group Inc's options trading volume reached 1,193 contracts, representing about 119,300 shares, which also accounts for 43.5% of its average daily trading volume of 273,980 shares over the past month, showcasing the stock's market activity.
- Bullish Options Trend: The $110 strike call option for WLDN has recorded a trading volume of 256 contracts today, equivalent to approximately 25,600 shares, indicating that investors are optimistic about the stock's performance in the coming months.
Figs (FIGS) Shows Strong Momentum: Is It a Good Time to Invest?
Momentum Investing Overview: Momentum investing involves buying stocks that are trending upwards, with the expectation that they will continue to rise. The Zacks Momentum Style Score helps investors identify stocks with strong momentum indicators.
FIGS Performance Metrics: FIGS (FIGS) has a Momentum Style Score of B and a Zacks Rank of #1 (Strong Buy), showing significant price increases of 72.99% over the past quarter and 100.51% over the past year, outperforming the S&P 500.
Earnings Estimates and Volume: Recent earnings estimates for FIGS have improved, with five upward revisions in the last two months, boosting the consensus estimate from $0.06 to $0.11. The stock's average 20-day trading volume is 2,751,223 shares, indicating strong market interest.
Investment Recommendations: Investors are encouraged to consider FIGS as a promising stock for near-term gains, supported by its strong performance metrics and positive earnings revisions, alongside other Zacks expert stock picks that have historically shown high returns.
