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

Grove Collaborative Holdings

09/08/2024 07:52

* Grove Collaborative Holdings Inc  GROV.N  reported a
quarterly
adjusted loss of 28 cents​​ per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of -32 cents.  The lone analyst forecast for the
quarter was for a loss of 15 cents per share. 
    * Revenue fell 21.2% to $52.10 million from a year ago;
analysts
expected $53.01 million. 
    * Grove Collaborative Holdings Inc's reported EPS for the
quarter
was a loss of 28 cents​.
    * The company reported a quarterly loss of $10.21 million.
    * Grove Collaborative Holdings Inc shares had fallen
by 19.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 16.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 August 9 at
06:52 a.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
 Jun. 30 2024      -0.15          -0.28          Missed
 Mar. 31 2024      -0.16          -0.10          Beat
 Dec. 31 2023      -0.23          -0.27          Missed
 Sep. 30 2023      -0.15          -0.31          Missed