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

Distribution Solutions

02/05/2024 14:53

* Distribution Solutions Group Inc  DSGR.OQ  reported
quarterly
adjusted earnings of 25 cents​​ per share for the quarter ended
in January, lower than the same quarter last year, when the
company reported EPS of 26 cents.  The mean expectation of
three analysts for the quarter was for earnings of 28 cents per
share. Wall Street expected results to range from 26 cents to 30
cents per share.
    * Revenue rose 19.5% to $416.09 million from a year ago;
analysts
expected $417.93 million. 
    * Distribution Solutions Group Inc's reported EPS for the
quarter
was a loss of 11 cents​.
    * The company reported a quarterly loss of $5.22 million.
    * Distribution Solutions Group Inc shares had fallen by 8.9%
this
quarter and gained 2.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 25.9%
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 $39.00 
This summary was machine generated from LSEG data May 2 at 01:52
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
 Mar. 31 2024      0.28           0.25           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