Solo Brands Inc reports results for the quarter ended December 31 - Earnings Summary

• Solo Brands Inc DTC.N reported quarterly adjusted earnings of 3 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 13 cents. The mean expectation of six analysts for the quarter was for earnings of 11 cents per share. Wall Street expected results to range from 5 cents to 15 cents per share.

• Revenue fell 13.2% to $143.54 million from a year ago; analysts expected $162.06 million.

• Solo Brands Inc's reported EPS for the quarter was a loss of 63 cents​.

• The company reported a quarterly loss of $36.98 million.

• Solo Brands Inc shares had fallen by 42.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the appliances, tools & housewares peer group is also "hold"

Wall Street's median 12-month price target for Solo Brands Inc is $2.00

This summary was machine generated from LSEG data March 12 at 01:30 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)