Shares of Fox Factory Holding were eyeing a new record high pre-market Thursday after the supplier of vehicle suspensions reported Q4 results which were better-than-expected, issued upside Q1 guidance and forecast FY17 results in line with views compiled by Capital IQ.
FOXF was up almost 7% in recent pre-market, on track to set a new record high in regular trade, above the top end of its 52-week range of $15.18 to $28.45. Q4 adjusted EPS was $0.32 per share, up from $0.25 per share a year earlier and two cents above the consensus.
Revenues rose 16.6% year-over-year to $111.6 million and beat expectations for $106.8 million. For FY17, Fox Factory expects adjusted EPS of $1.31 to $1.41 per share on revenues of $430 million to $450 million, straddling the consensus for $1.39 on EPS and for $445.3 million on revenues. Q1 adjusted EPS is forecast at $0.24 to $0.28 per share on revenues of $96 million to $100 million, above the consensus for $0.20 on EPS and for $89 million on revenues.