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Solo Brands (DTC) to Report Q1 Earnings: What's in Store?
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Solo Brands (DTC - Free Report) is set to report first-quarter 2023 results on May 4.
The Zacks Consensus Estimate for revenues is pegged at $81.46 million, indicating a decline of 0.90% from the year-ago quarter’s levels.
The consensus mark for earnings has remained unchanged in the past 30 days and is currently pegged at 5 cents per share.
The company’s earnings beat the Zacks Consensus Estimate in the last trailing four quarters. Solo Brands has a trailing four-quarter earnings surprise of 133.19%, on average.
Let’s see how things have shaped prior to this announcement.
The company’s first-quarter 2023 top line is expected to have been driven by the wholesale channel as a result of continued market penetration as witnessed in the fourth quarter.
In the growing macroeconomic uncertainty, Solo Brands executed their playbook that has resulted in growth of DTC, wholesale and international businesses. The trend is expected to have continued in the to-be-reported quarter.
In the first quarter, comprehensive privacy laws were passed in Virginia, Colorado, Utah and Connecticut. These laws will increase complexity and restrictions and are expected to have increased compliance costs in the to-be-reported quarter.
What Our Model Says
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is not the case here as you can see below.
Solo Brands currently has an Earnings ESP of -30.00% and sports a Zacks Rank #1. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this season.
Armada Hoffler Properties is set to report first-quarter fiscal 2023 results on May 9. The Zacks Consensus Estimate for AHH’s earnings is pegged at 30 cents per share, suggesting an increase of 7.14% from the prior-year period’s reported figure.
Blink Charging (BLNK - Free Report) has an Earnings ESP of +26.67% and a Zacks Rank #2.
Blink Charging is scheduled to release its first-quarter 2023 results on May 9. The Zacks Consensus Estimate for BLNK’s earnings is pegged at a loss of 45 cents per share, suggesting a decline of 25% from the prior-year quarter’s reported figure.
Copa Holdings (CPA - Free Report) has an Earnings ESP of +19.57% and a Zacks Rank #2.
Copa Holdings is scheduled to release its first-quarter 2023 results on May 10. The Zacks Consensus Estimate for CPA’s earnings is pegged at $3.03 per share, suggesting an increase of 332.86% from the prior-year quarter’s reported figure.
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Solo Brands (DTC) to Report Q1 Earnings: What's in Store?
Solo Brands (DTC - Free Report) is set to report first-quarter 2023 results on May 4.
The Zacks Consensus Estimate for revenues is pegged at $81.46 million, indicating a decline of 0.90% from the year-ago quarter’s levels.
The consensus mark for earnings has remained unchanged in the past 30 days and is currently pegged at 5 cents per share.
The company’s earnings beat the Zacks Consensus Estimate in the last trailing four quarters. Solo Brands has a trailing four-quarter earnings surprise of 133.19%, on average.
Let’s see how things have shaped prior to this announcement.
Solo Brands, Inc. Price and EPS Surprise
Solo Brands, Inc. price-eps-surprise | Solo Brands, Inc. Quote
Factors to Consider
The company’s first-quarter 2023 top line is expected to have been driven by the wholesale channel as a result of continued market penetration as witnessed in the fourth quarter.
In the growing macroeconomic uncertainty, Solo Brands executed their playbook that has resulted in growth of DTC, wholesale and international businesses. The trend is expected to have continued in the to-be-reported quarter.
In the first quarter, comprehensive privacy laws were passed in Virginia, Colorado, Utah and Connecticut. These laws will increase complexity and restrictions and are expected to have increased compliance costs in the to-be-reported quarter.
What Our Model Says
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is not the case here as you can see below.
Solo Brands currently has an Earnings ESP of -30.00% and sports a Zacks Rank #1. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this season.
Armada Hoffler Properties (AHH - Free Report) has an Earnings ESP of +3.33% and carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Armada Hoffler Properties is set to report first-quarter fiscal 2023 results on May 9. The Zacks Consensus Estimate for AHH’s earnings is pegged at 30 cents per share, suggesting an increase of 7.14% from the prior-year period’s reported figure.
Blink Charging (BLNK - Free Report) has an Earnings ESP of +26.67% and a Zacks Rank #2.
Blink Charging is scheduled to release its first-quarter 2023 results on May 9. The Zacks Consensus Estimate for BLNK’s earnings is pegged at a loss of 45 cents per share, suggesting a decline of 25% from the prior-year quarter’s reported figure.
Copa Holdings (CPA - Free Report) has an Earnings ESP of +19.57% and a Zacks Rank #2.
Copa Holdings is scheduled to release its first-quarter 2023 results on May 10. The Zacks Consensus Estimate for CPA’s earnings is pegged at $3.03 per share, suggesting an increase of 332.86% from the prior-year quarter’s reported figure.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.