Solo Brands Inc reports results for the quarter ended September 30 - Earnings Summary

Solo Brands

08/11/2024 21:50

* Solo Brands Inc  DTC.N  reported quarterly adjusted
earnings of
2 cents​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of 28 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 3 cents per share. Wall Street
expected results to range from -2 cents to 6 cents per share.
    * Revenue fell 14.7% to $94.14 million from a year ago;
analysts
expected $92.61 million. 
    * Solo Brands Inc's reported EPS for the quarter was a loss
of
$1.19​.
    * The company reported a quarterly loss of $69.86 million.
    * Solo Brands Inc shares had fallen by 0.7% this quarter and
lost 77.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 18.5%
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 $2.00 
This summary was machine generated from LSEG data November 8 at
09:49 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      0.03           0.02           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