Figma, Inc. reports results for the quarter ended September 30 - Earnings Summary

• Figma, Inc. FIG.N reported quarterly adjusted earnings of 10 cents​​ per share for the quarter ended September 30, identical to the same quarter last year. The mean expectation of fourteen analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from 3 cents to 9 cents per share.

• Revenue rose 42.8% to $391.42 million from a year ago; analysts expected $375.83 million.

• Figma, Inc.'s reported EPS for the quarter was a loss of 15 cents​.

• The company reported a quarterly loss of $81.35 million.

• Figma, Inc. shares had risen by 0.0% this quarter and lost 43.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 15.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 9 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Figma, Inc. is $30.00, about 26.2% above its last closing price of $22.13

This summary was machine generated from LSEG data November 4 at 11:27 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)