Fox Factory Holding Corp. (NASDAQ:FOXF) manufacturer of ride dynamics products, is expected to report third quarter earnings results, after market close, on Tuesday 10th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.87 per share.
Looking ahead, the full year income are expected at $ 2.60 per share on the revenues of $ 845.14 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 881.00 million ~ $ 906.00 million, where as bottomline are predicted in a range of $ 3.00 ~ $ 3.10 per share
Click Here For More Historical Outlooks Of Fox Factory Holding Corp.
Previous Quarter Performance
Fox Factory Holding Corp. outlined income for the second quarter of $ 0.50 per share, from the revenue of $ 183.10 million. According to street consensus, FOXF was expected to report 2Q20 income of $ 0.26 per share from revenue of $ 154.98 million. The bottom line results beat street analysts by $ 0.24 or 92.31 percent, at the same time, top line results outshined analysts by $ 28.12 million or 18.14 percent.
Stock Performance
Shares of Fox Factory Holding Corp. traded low $ -13.84 or -14.22 percent on Monday, reaching $ 83.48 with volume of 663.00 thousand shares. Fox Factory Holding Corp. has traded high as $ 105.25 and has cracked $ 83.43 on the downward trend
According to the previous trading day, closing price of $ 83.48, representing a 181.43 % increase from the 52 week low of $ 34.58 and a 14.19 % decrease over the 52 week high of $ 113.41.
The company has a market capital of $ 3.46 billion and is part of the Consumer Cyclical sector and Recreational Vehicles industry.
Recent Analyst recommendations
- On 18th September 2020, upgraded by Stifel Nicolaus to Buy from Hold rating.
Conference Call
Fox Factory Holding Corp. will be hosting a conference call at 4:30 PM eastern time on 10th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ridefox.com
Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers front fork and rear suspension products for mountain bikes, road bikes, and e-bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, motorcycles, and commercial trucks.
