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

• Shoals Technologies Group, Inc. reported quarterly adjusted earnings of 14 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 12 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 12 cents per share. Wall Street expected results to range from 10 cents to 15 cents per share.

• Revenue rose 43.8% to $195.31 million from a year ago; analysts expected $162.40 million.

• Shoals Technologies Group, Inc.'s reported EPS for the quarter was 11 cents​.

• The company reported quarterly net income of $17.87 million.

• Shoals Technologies Group, Inc. shares had risen by 4.6% this quarter and lost 0.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.5% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 6 "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 $11.00, about 23% above its last closing price of $8.47

This summary was machine generated from LSEG data November 4 at 03:19 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)