Shoals Technologies Group Inc expected to post earnings of 8 cents a share - Earnings Preview

Shoals Technologies

02/08/2024 21:19

* Shoals Technologies Group Inc  SHLS.OQ   SHLS.O  is
expected
to show a fall in quarterly revenue when it reports  results on
August 6 for the period ending June 30 2024
    * The Portland Tennessee-based  company is expected to
report a
24.1% decrease in revenue to $90.462 million from $119.21
million a year ago, according to the mean estimate from 16
analysts, based on LSEG data.The company's guidance on May 7
2024, for the period ended June 30, was for revenue between
$85.00 million and $95.00 million.
    * ​LSEG's mean analyst estimate for Shoals Technologies
Group Inc
is for earnings of 8 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 3
"hold" and 2 "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 $12.00​, above​ its last closing price
of $6.23. ​​​

The company's guidance on May 7 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD85 million and USD25 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  
 Mar. 31 2024  0.06        0.06       0.07      Beat    9.2
 Dec. 31 2024  0.18        0.17       0.12      Missed  -29.9
 Sep. 30 2023  0.16        0.15       0.20      Beat    29.7​
 Jun. 30 2023  0.13        0.13       0.14      Beat    5
 ​​Mar.        0.10        0.10       0.14      Beat    42.9
 31 2023                                                
 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
 This summary was machine generated August 2 at 20:19 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)