Distribution Solutions Group Inc reports results for the quarter ended in December - Earnings Summary

Distribution Solutions

07/03/2024 15:53

* Distribution Solutions Group Inc  DSGR.OQ  reported
quarterly
adjusted earnings of 22 cents​​ per share for the quarter ended
in December, higher than the same quarter last year, when the
company reported EPS of 13 cents.  The mean expectation of
three analysts for the quarter was for earnings of 14 cents per
share. Wall Street expected results to range from 13 cents to 14
cents per share.
    * Revenue rose 23.2% to $405.24 million from a year ago;
analysts
expected $419.00 million. 
    * Distribution Solutions Group Inc's reported EPS for the
quarter
was a loss of 35 cents​.
    * The company reported a quarterly loss of $16.33 million.
    * Distribution Solutions Group Inc shares had fallen by 1.8%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for Distribution
Solutions Group Inc is $36.00 
This summary was machine generated from LSEG data March 7 at
03:53 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.14           0.22           Beat
 Sep. 30 2023      0.24           0.17           Missed
 Jun. 30 2023      0.27           0.26           Missed
 Mar. 31 2023      0.20           0.26           Beat