Shoals Technologies Gr Q1 2024 GAAP EPS $0.07 Beats $0.03 Estimate, Sales $90.800M Miss $94.478M Estimate
Portfolio Pulse from Benzinga Newsdesk
Shoals Technologies Group (SHLS) reported Q1 2024 earnings of $0.07 per share, surpassing the $0.03 estimate, but its sales of $90.800M fell short of the $94.478M forecast, marking a 13.59% decrease from the previous year.

May 07, 2024 | 8:14 pm
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Shoals Technologies Group reported higher-than-expected Q1 2024 earnings per share but missed sales estimates, with a significant year-over-year decrease.
While the earnings per share (EPS) beat may positively impact investor sentiment towards SHLS, the miss on sales estimates and the significant decrease in sales compared to the previous year could temper any potential stock price gains. The mixed results present a neutral outlook in the short term as investors weigh the better-than-expected earnings against the sales miss and year-over-year decline.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100