Shoals Technologies Group Inc expected to post earnings of 13  cents a share - Earnings Preview

Shoals Technologies

28/07/2023 22:43

* Shoals Technologies Group Inc  SHLS.OQ   SHLS.O  is
expected
to show a rise in quarterly revenue when it reports  results on
August 1. 
    * The Portland Tennessee-based  company is expected to
report  a
57.0% increase in revenue to $115.393 million from $73.49
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 13 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.8%
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 $26.24. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.10        0.10       0.14      Beat    42.9
 Dec. 31 2023  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.        0.06        0.07       0.08      Beat    20.7
 31 2022                                                
 Dec. 31 2021  0.04        0.04       0.01      Missed  -74.5​
 Sep. 30 2021  0.07        0.07       0.07      Met     3.2
 Jun. 30 2021  0.09        0.08       0.09      Beat    9.6
 This summary was machine generated July 28 at 21:43 GMT.  All
figures in US dollars  unless otherwise stated