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

Distribution Solutions

02/11/2023 15:42

* Distribution Solutions Group Inc  DSGR.OQ  reported
quarterly
adjusted earnings of 17 cents​​ per share for the quarter ended
in September, lower than the same quarter last year, when the
company reported EPS of 32 cents.  The mean expectation of
three analysts for the quarter was for earnings of 24 cents per
share. Wall Street expected results to range from 22 cents to 27
cents per share.
    * Revenue rose 26.4% to $438.91 million from a year ago;
analysts
expected $451.70 million. 
    * Distribution Solutions Group Inc's reported EPS for the
quarter
was a loss of 3 cents​.
    * The company reported a quarterly loss of $1.57 million.
    * Distribution Solutions Group Inc shares had risen by 15.7%
this
quarter and gained 63.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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." 
    * Wall Street's median 12-month price target for
Distribution
Solutions Group Inc is $36.00 

This summary was machine generated from LSEG data November 2 at
03:41 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.24           0.17           Missed
 Jun. 30 2023      0.27           0.26           Missed
 Mar. 31 2023      0.20           0.26           Beat
 Dec. 31 2022      0.23           0.13           Missed