Shoals Technologies Gr Q4 2023 Adj EPS $0.12 Misses $0.17 Estimate, Sales $130.40M Miss $131.94M Estimate
Portfolio Pulse from Benzinga Newsdesk
Shoals Technologies Group (SHLS) reported Q4 2023 adjusted EPS of $0.12, missing the $0.17 estimate, and sales of $130.40M, missing the $131.94M estimate. This represents a 37.77% increase in sales compared to the same period last year.
February 28, 2024 | 9:11 pm
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Shoals Technologies Group reported lower-than-expected Q4 2023 earnings and sales, missing analyst estimates. However, sales showed a significant year-over-year increase.
Missing analyst estimates for both earnings per share and sales typically has a negative short-term impact on a company's stock price. However, the significant year-over-year sales growth may mitigate some of the negative sentiment.
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