Solo Brands Inc reports results for the quarter ended in June - Earnings Summary

Solo Brands

07/08/2024 14:31

* Solo Brands Inc  DTC.N  reported quarterly adjusted
earnings of
4 cents​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of 22
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 13 cents per share. Wall Street expected
results to range from 8 cents to 20 cents per share.
    * Revenue rose 0.5% to $131.55 million from a year ago;
analysts
expected $128.53 million. 
    * Solo Brands Inc's reported EPS for the quarter was a loss
of 5
cents​.
    * The company reported a quarterly loss of $3.11 million.
    * Solo Brands Inc shares had fallen by 11.4% this
quarter and
lost 67.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the appliances,
tools &
housewares peer group is also "hold"

Wall Street's median 12-month price target for Solo Brands Inc
is $2.50 
This summary was machine generated from LSEG data August 7 at
01:31 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
 Jun. 30 2024      0.13           0.04           Missed
 Mar. 31 2024      0.00           0.03           Beat
 Dec. 31 2023      0.17           0.13           Missed
 Sep. 30 2023      0.11           0.28           Beat