* Shoals Technologies Group Inc 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
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