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

Solo Brands

09/05/2024 14:32

* Solo Brands Inc  DTC.N  reported quarterly adjusted
earnings of
3 cents​​ per share for the quarter ended in March, lower than
the same quarter last year, when the company reported EPS of 16
cents.  The mean expectation of seven analysts for the quarter
was for breakeven results per share. Wall Street expected
results to range from -5 cents to 7 cents per share.
    * Revenue fell 3.3% to $85.32 million from a year ago;
analysts
expected $79.28 million. 
    * Solo Brands Inc's reported EPS for the quarter was a loss
of 6
cents​.
    * The company reported a quarterly loss of $3.4 million.
    * Solo Brands Inc shares had fallen by 9.2% this quarter and
lost 68.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 102.7% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 $3.00 
This summary was machine generated from LSEG data May 9 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 ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2023      0.21           0.22           Beat