Solo Brands (DTC) Reports Earnings Tomorrow. What To Expect
Outdoor lifestyle and recreational products company Solo Brands (NYSE:DTC) will be reporting results tomorrow morning. Here's what investors should know.
Last quarter Solo Brands reported revenues of $110.3 million, up 8% year on year, beating analyst revenue expectations by 6.5%. It was a decent quarter for the company, with an impressive beat of analysts' earnings estimates.
Is Solo Brands buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Solo Brands's revenue to decline 15.8% year on year to $166.1 million, a deceleration on the 11.8% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.17 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates twice over the last two years.
Looking at Solo Brands's peers in the leisure products segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. YETI delivered top-line growth of 16% year on year, missing analyst estimates by 3% and Snap One reported revenue decline of 1.4% year on year, missing analyst estimates by 0.8%. YETI traded down 12.9% on the results, Snap One was up 4%.
Read our full analysis of YETI's results here and Snap One's results here.
Investors in the leisure products segment have had steady hands going into the earnings, with the stocks up on average 0.8% over the last month. Solo Brands is down 9.7% during the same time, and is heading into the earnings with analyst price target of $4.9, compared to share price of $2.5.
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