Grove Collaborative Holdings Inc reports results for the quarter ended in December - Earnings Summary

Grove Collaborative Holdings

06/03/2024 22:56

* Grove Collaborative Holdings Inc  GROV.N  reported a
quarterly
adjusted loss of 27 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of -25 cents.  The lone analyst forecast
for the quarter was for a loss of 23 cents per share. 
    * Revenue fell 19.2% to $59.86 million from a year ago;
analysts
expected $61.45 million. 
    * Grove Collaborative Holdings Inc's reported EPS for the
quarter
was a loss of 27 cents​.
    * The company reported a quarterly loss of $9.62 million.
    * Grove Collaborative Holdings Inc shares had risen by 29.9%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the personal
services
peer group is also "buy"

Wall Street's median 12-month price target for Grove
Collaborative Holdings Inc is $3.00 
This summary was machine generated from LSEG data March 6 at
10:56 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.23          -0.27          Missed
 Sep. 30 2023      -0.15          -0.31          Missed
 Jun. 30 2023      -0.31          -0.32          Missed
 Mar. 31 2023      -0.40          -0.40          Met