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

Shoals Technologies

09/05/2023 07:20

* Shoals Technologies Group Inc  SHLS.OQ  reported quarterly
adjusted earnings of 14 cents​​ per share for the quarter ended
in March. The mean expectation of sixteen analysts for the
quarter was for earnings of 10 cents per share.
    * Revenue rose 54.6% to $105.09 million from a year ago;
analysts
expected $96.60 million. 
    * Shoals Technologies Group Inc's reported EPS for the
quarter was
10 cents​.
    * The mean earnings estimate of analysts had fallen by
about 24.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Shoals Technologies Group Inc shares had fallen by 13.5%
this
quarter and lost 20.1% so far this year.
    * The company reported quarterly net income of $14.3
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 9 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
9 at 06:19 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.10           0.14           Beat
 Dec. 31 2022      0.09           0.15           Beat
 Sep. 30 2022      0.08           0.10           Beat
 Jun. 30 2022      0.07           0.07           Met