Solo Brands (NYSE:DTC – Get Rating) is set to post its quarterly earnings results before the market opens on Thursday, May 12th. Analysts expect Solo Brands to post earnings of $0.07 per share for the quarter. Solo Brands has set its FY 2022 guidance at EPS and its Q1 2022 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.
Solo Brands (NYSE:DTC – Get Rating) last announced its earnings results on Tuesday, March 29th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.13. The business had revenue of $176.50 million for the quarter, compared to analyst estimates of $174.38 million. The business’s quarterly revenue was up 163.8% compared to the same quarter last year. On average, analysts expect Solo Brands to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of DTC opened at $6.51 on Thursday. The company has a quick ratio of 1.21, a current ratio of 3.41 and a debt-to-equity ratio of 0.22. The business’s 50-day simple moving average is $8.21. Solo Brands has a 12-month low of $5.90 and a 12-month high of $23.39.
A number of research firms have recently weighed in on DTC. Credit Suisse Group cut their price objective on shares of Solo Brands from $20.00 to $18.00 and set an “outperform” rating for the company in a research report on Wednesday, March 30th. Jefferies Financial Group boosted their price objective on shares of Solo Brands from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, January 11th. Zacks Investment Research lowered shares of Solo Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, March 15th. Finally, Citigroup cut their price objective on shares of Solo Brands from $20.00 to $16.00 in a research report on Wednesday, March 30th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Solo Brands presently has an average rating of “Buy” and a consensus price target of $22.43.
Solo Brands Company Profile (Get Rating)
Solo Brands, Inc operates a direct-to-consumer platform that offers outdoor lifestyle branded products in the United States. The company provides camp stoves under the Solo Stove Lite brand name; fire pits under the Solo Stove brand name; grills, cook tops, and tools; kayaks under the Oru brand name; paddle boards under the ISLE brand name; and storage solutions for fire pits, firewood, and other accessories.
- Get a free copy of the StockNews.com research report on Solo Brands (DTC)
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