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

Shoals Technologies

29/02/2024 24:09

* Shoals Technologies Group Inc  SHLS.OQ  reported quarterly
adjusted earnings of 12 cents​​ per share for the quarter ended
in December, lower than the same quarter last year, when the
company reported EPS of 15 cents.  The mean expectation of
eighteen analysts for the quarter was for earnings of 17 cents
per share. Wall Street expected results to range from 14 cents
to 20 cents per share.
    * Revenue rose 37.8% to $130.44 million from a year ago;
analysts
expected $131.94 million. 
    * Shoals Technologies Group Inc's reported EPS for the
quarter was
10 cents​.
    * The company reported quarterly net income of $16.58
million.
    * Shoals Technologies Group Inc shares had fallen by 1.0%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 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 $23.00 
This summary was machine generated from LSEG data February 29 at
12:08 a.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 2023      0.17           0.12           Missed
 Sep. 30 2023      0.15           0.20           Beat
 Jun. 30 2023      0.13           0.14           Beat
 Mar. 31 2023      0.10           0.14           Beat