Shoals Technologies Group Inc expected to post earnings of 10  cents a share - Earnings Preview

Shoals Technologies

05/05/2023 23:06

* Shoals Technologies Group Inc  SHLS.OQ   SHLS.O  is
expected
to show a rise in quarterly revenue when it reports  results on
May 8. 
    * The Portland Tennessee-based  company is expected to
report  a
42.6% increase in revenue to $96.936 million from $67.98 million
a year ago, according to the mean estimate from 12 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Shoals Technologies
Group
Inc is for earnings of 10 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 1.2%
in the last three months. ​
    * Wall Street's median 12-month price target for Shoals
Technologies Group Inc is $30​, above​ its last closing price
of $18.96. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.09        0.09       0.15      Beat    74.1
 Sep. 30 2022  0.08        0.08       0.10      Beat    26.3
 Jun. 30 2022  0.07        0.07       0.07      Met     4.5​
 Mar. 31 2022  0.06        0.07       0.08      Beat    20.7
 ​​Dec.        0.04        0.04       0.01      Missed  -74.5
 31 2021                                                
 Sep. 30 2021  0.07        0.07       0.07      Met     3.2​
 Jun. 30 2021  0.09        0.08       0.09      Beat    9.6
 Mar. 31 2021  0.04        0.04       0.05      Beat    38.9
 This summary was machine generated May 5 at 22:06 GMT.  All
figures in US dollars  unless otherwise stated