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SHLS — Shoals Technologies News Story

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Shoals Technologies Group Inc reports results for the quarter ended June 30 - Earnings Summary

Shoals Technologies Group Inc SHLS.OQ reported quarterly adjusted earnings of 10 cents​​ per share for the quarter ended June 30, identical to the same quarter last year.  The mean expectation of seventeen analysts for the quarter was for earnings of 8 cents per share. Wall Street expected results to range from 5 cents to 10 cents per share.

Revenue rose 11.7% to $110.84 million from a year ago; analysts expected $104.62 million.

Shoals Technologies Group Inc's reported EPS for the quarter was 8 cents​.

The company reported quarterly net income of $13.86 million.

Shoals Technologies Group Inc shares had risen by 26.6% this quarter and lost 2.7% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 8.6% in the last three months.​

In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 6 "hold" and 1 "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 $7.00, about 23.1% above its last closing price of $5.38

This summary was machine generated from LSEG data August 5 at 01:32 p.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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20250.080.10Beat
Mar. 31 20250.040.03Missed
Dec. 31 20240.100.08Missed
Sep. 30 20240.100.08Missed

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