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

Shoals Technologies

12/11/2024 15:30

* Shoals Technologies Group Inc  SHLS.OQ  reported quarterly
adjusted earnings of 8 cents​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of 20 cents.  The mean expectation of
nineteen analysts for the quarter was for earnings of 10 cents
per share. Wall Street expected results to range from 8 cents
to 12 cents per share.
    * Revenue fell 23.9% to $102.17 million from a year ago;
analysts
expected $98.70 million. 
    * Shoals Technologies Group Inc's reported EPS for the
quarter was
breakeven results​.
    * The company reported a quarterly loss of $267 thousand.
    * Shoals Technologies Group Inc shares had risen by 2.9%
this
quarter and lost 62.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.1%
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 13 "strong buy" or "buy," 7
"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 $8.00 
This summary was machine generated from LSEG data November 12 at
03:30 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 ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.10           0.08           Missed
 Jun. 30 2024      0.08           0.10           Beat
 Mar. 31 2024      0.06           0.07           Beat
 Dec. 31 2023      0.17           0.12           Missed