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

Shoals Technologies

12/11/2022 24:43

* Shoals Technologies Group Inc  SHLS.OQ   SHLS.O  is
expected
to show a rise in quarterly revenue when it reports  results on
November 14. 
    * The Portland Tennessee-based  company is expected to
report  a
38.8% increase in revenue to $83.067 million from $59.84 million
a year ago, according to the mean estimate from 11 analysts,
based on Refinitiv data. 
    * ​Refinitiv'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 8 "strong buy" or "buy," 5
"hold" and 1 "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 $31​, above​ its last closing price
of $22.80. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Sep. 30 2021  0.07        0.07       0.07      Met     3.2
 ​​Jun.        0.09        0.08       0.09      Beat    9.6
 30 2021                                                
 Mar. 31 2021  0.04        0.04       0.05      Beat    38.9​
 Dec. 31 2020  0.06        0.08       0.07      Missed  -10.6
 This summary was machine generated November 12 at 00:43 GMT. 
All figures in US dollars  unless otherwise stated