Shoals Technologies Group Inc expected to post earnings of 17 cents a share - Earnings Preview

Shoals Technologies

26/02/2024 21:28

* Shoals Technologies Group Inc  SHLS.OQ   SHLS.O  is
expected
to show a rise in quarterly revenue when it reports  results on
February 28 for the period ending December 31 2023
    * The Portland Tennessee-based  company is expected to
report a
39.4% increase in revenue to $131.944 million from $94.65
million a year ago, according to the mean estimate from 17
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Shoals Technologies
Group Inc
is for earnings of 17 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 16 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Shoals
Technologies Group Inc is $23.00​, above​ its last closing price
of $14.64. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.16        0.15       0.20      Beat    29.7
 Jun. 30 2023  0.13        0.13       0.14      Beat    5
 Mar. 31 2023  0.10        0.10       0.14      Beat    42.9​
 Dec. 31 2022  0.09        0.09       0.15      Beat    74.1
 ​​Sep.        0.08        0.08       0.10      Beat    26.3
 30 2022                                                
 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. 31 2021  0.04        0.04       0.01      Missed  -74.5
 This summary was machine generated February 26 at 21:28 GMT. 
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)