Shoals Technologies Group Inc expected to post earnings of 6 cents a share - Earnings Preview

Shoals Technologies

04/05/2024 03:28

* Shoals Technologies Group Inc  SHLS.OQ   SHLS.O  is
expected
to show a fall in quarterly revenue when it reports  results on
May 7 for the period ending March 31 2024
    * The Portland Tennessee-based  company is expected to
report a
8.1% decrease in revenue to $96.553 million from $105.09 million
a year ago, according to the mean estimate from 16 analysts,
based on LSEG data.The company's guidance on February 28 2024,
for the period ended March 31, was for revenue between $90.00
million and $100.00 million.
    * ​LSEG's mean analyst estimate for Shoals Technologies
Group Inc
is for earnings of 6 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 had fallen by
about 2.0%
in the last three months. ​
    * Wall Street's median 12-month price target for Shoals
Technologies Group Inc is $18.50​, above​ its last closing price
of $9.00. ​​​

The company's guidance on February 28 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD90 million and USD20 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.18        0.17       0.12      Missed  -29.9
 Sep. 30 0001  0.16        0.15       0.20      Beat    29.7
 Jan. 1 0001   0.13        0.13       0.14      Beat    5​
 Jan. 1 0001   0.10        0.10       0.14      Beat    42.9
 ​​Dec.        0.09        0.09       0.15      Beat    74.1
 31 2022                                                
 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
 This summary was machine generated May 4 at 02:28 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)