Distribution Solutions Group Inc reports results for the quarter ended March 31 - Earnings Summary

• Distribution Solutions Group Inc DSGR.OQ reported quarterly adjusted earnings of 31 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 25 cents. The mean expectation of three analysts for the quarter was for earnings of 29 cents per share. Wall Street expected results to range from 15 cents to 36 cents per share.

• Revenue rose 14.9% to $478.03 million from a year ago; analysts expected $497.17 million.

• Distribution Solutions Group Inc's reported EPS for the quarter was 7 cents​.

• The company reported quarterly net income of $3.26 million.

• Distribution Solutions Group Inc shares had fallen by 7.0% this quarter and lost 24.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 21.5% 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 "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is also "buy"

• Wall Street's median 12-month price target for Distribution Solutions Group Inc is $44.00

This summary was machine generated from LSEG data May 1 at 01:32 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)