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

Shoals Technologies

01/08/2023 23:05

* Shoals Technologies Group Inc  SHLS.OQ  reported quarterly
adjusted earnings of 14 cents​​ per share for the quarter ended
in June. The mean expectation of fifteen analysts for the
quarter was for earnings of 13 cents per share.
    * Revenue rose 62.2% to $119.21 million from a year ago;
analysts
expected $115.39 million. 
    * Shoals Technologies Group Inc's reported EPS for the
quarter was
11 cents​.
    * The mean earnings estimate of analysts had risen by
about 7.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Shoals Technologies Group Inc shares had risen by 1.6%
this
quarter and gained 5.2% so far this year.
    * The company reported quarterly net income of $18.92
million.
    * Wall Street's median 12-month price target for Shoals
Technologies Group Inc is $30.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 1 at 10:05 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.13           0.14           Beat
 Mar. 31 2023      0.10           0.14           Beat
 Dec. 31 2022      0.09           0.15           Beat
 Sep. 30 2022      0.08           0.10           Beat