Shoals Technologies Group Inc reports results for the quarter ended December 31 - Earnings Summary

Shoals Technologies

25/02/2025 14:32

Shoals Technologies Group Inc SHLS.OQ reported quarterly adjusted earnings of 8 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 12 cents.  The mean expectation of twenty analysts for the quarter was for earnings of 10 cents per share. Wall Street expected results to range from 8 cents to 12 cents per share.

Revenue fell 18% to $106.99 million from a year ago; analysts expected $102.21 million.

Shoals Technologies Group Inc's reported EPS for the quarter was 5 cents​.

The company reported quarterly net income of $7.82 million.

Shoals Technologies Group Inc shares had fallen by 19.0% this quarter.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 1.9% in the last three months.​

In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell."

The average consensus recommendation for the electrical components & equipment peer group is also "buy"

Wall Street's median 12-month price target for Shoals Technologies Group Inc is $6.66

This summary was machine generated from LSEG data February 25 at 02:32 p.m. UTC. ​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)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Dec. 31 2024
0.10
0.08
Missed
Sep. 30 2024
0.10
0.08
Missed
Jun. 30 2024
0.08
0.10
Beat
Mar. 31 2024
0.06
0.07
Beat