Shoals Technologies Gr Q2 2024 Adj EPS $0.07 Misses $0.08 Estimate, Sales $99.20M Beat $90.46M Estimate
Portfolio Pulse from Benzinga Newsdesk
Shoals Technologies Gr (NASDAQ:SHLS) reported Q2 2024 earnings per share of $0.07, missing the analyst estimate of $0.08 by 12.5%. However, the company reported sales of $99.20 million, beating the estimate of $90.46 million by 9.66%. This represents a 16.78% decrease from the same period last year.
August 06, 2024 | 8:24 pm
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Shoals Technologies Gr reported Q2 2024 EPS of $0.07, missing the $0.08 estimate, but sales of $99.20M beat the $90.46M estimate. Sales decreased by 16.78% YoY.
The mixed results, with EPS missing but sales beating estimates, create a neutral short-term outlook. The YoY sales decline adds a negative sentiment, balancing the positive sales beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100