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

Shoals Technologies

28/02/2023 23:35

* Shoals Technologies Group Inc  SHLS.OQ  reported quarterly
adjusted earnings of 15 cents​​ per share for the quarter ended
in December. The mean expectation of fifteen analysts for the
quarter was for earnings of 9 cents per share.
    * Revenue rose 97% to $94.65 million from a year ago;
analysts
expected $85.96 million. 
    * Shoals Technologies Group Inc's reported EPS for the
quarter was
70 cents​.
    * The mean earnings estimate of analysts had risen by
about 9.3%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Shoals Technologies Group Inc shares had fallen by 1.7%
this
quarter.
    * The company reported quarterly net income of $112.61
million.
    * Wall Street's median 12-month price target for Shoals
Technologies Group Inc is $31.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
28 at 11:34 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.09           0.15           Beat
 Sep. 30 2022      0.08           0.10           Beat
 Jun. 30 2022      0.07           0.07           Met
 Mar. 31 2022      0.07           0.08           Beat