Shoals Technologies Group (SHLS) Q2 Earnings and Revenues Beat Estimates

Core Insights - Shoals Technologies Group (SHLS) reported quarterly earnings of $0.1 per share, exceeding the Zacks Consensus Estimate of $0.08 per share, with a year-over-year comparison showing no change in earnings [1] - The company achieved revenues of $110.84 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 6.13% and showing an increase from $99.25 million in the same quarter last year [2] - The stock has underperformed the market, losing about 2.7% since the beginning of the year compared to the S&P 500's gain of 7.6% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.12 on revenues of $120.01 million, and for the current fiscal year, it is $0.35 on revenues of $435.84 million [7] - The estimate revisions trend for Shoals Technologies was favorable ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The solar industry, to which Shoals Technologies belongs, is currently ranked in the bottom 39% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Canadian Solar (CSIQ), another company in the same industry, is expected to report quarterly earnings of $1.14 per share, reflecting a significant year-over-year change of +5600%, with revenues anticipated to be $1.92 billion, up 17.3% from the previous year [9][10]