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

Shoals Technologies

14/11/2022 22:45

* Shoals Technologies Group Inc  SHLS.OQ  reported quarterly
adjusted earnings of 10 cents​​ per share for the quarter ended
in September. The mean expectation of fourteen analysts for the
quarter was for earnings of 8 cents per share.
    * Revenue rose 51.8% to $90.82 million from a year ago;
analysts
expected $83.07 million. 
    * Shoals Technologies Group Inc's reported EPS for the
quarter was
7 cents​.
    * The mean earnings estimate of analysts had fallen by
about 10.1%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Shoals Technologies Group Inc shares had risen by 5.8%
this
quarter and lost 6.2% so far this year.
    * The company reported quarterly net income of $7.96
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 8 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
14 at 10:44 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.08           0.10           Beat
 Jun. 30 2022      0.07           0.07           Met
 Mar. 31 2022      0.07           0.08           Beat
 Dec. 31 2021      0.04           0.01           Missed