Distribution Solutions Group Inc reports results for the quarter ended in September 30 - Earnings Summary

Distribution Solutions

01/11/2024 03:48

* Distribution Solutions Group Inc  DSGR.OQ  reported
quarterly
adjusted earnings of 37 cents​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of 17 cents.  The mean expectation of
three analysts for the quarter was for earnings of 40 cents per
share. Wall Street expected results to range from 38 cents to 43
cents per share.
    * Revenue rose 6.6% to $468.02 million from a year ago;
analysts
expected $466.37 million. 
    * Distribution Solutions Group Inc's reported EPS for the
quarter
was 46 cents​.
    * The company reported quarterly net income of $21.92
million.
    * Distribution Solutions Group Inc shares had risen by 4.5%
this
quarter and gained 27.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.7%
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 $42.50 
This summary was machine generated from LSEG data November 1 at
03:48 a.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
 Sep. 30 2024      0.40           0.37           Missed
 Jun. 30 2024      0.31           0.40           Beat
 Mar. 31 2024      0.28           0.25           Missed
 Dec. 31 2023      0.14           0.22           Beat