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

Grove Collaborative Holdings

11/05/2023 22:03

* Grove Collaborative Holdings Inc  GROV.N  reported a
quarterly
adjusted loss of 8 cents​​ per share for the quarter ended in
March. The lone analyst forecast for the quarter was for a loss
of 8 cents per share.
    * Revenue fell 20.9% to $71.57 million from a year ago;
analysts
expected $69.33 million. 
    * Grove Collaborative Holdings Inc's reported EPS for the
quarter
was a loss of 8 cents​.
    * The mean earnings estimate of analysts had risen by
about 20% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Grove Collaborative Holdings Inc shares had risen by 4.9%
this
quarter and gained 15.2% so far this year.
    * The company reported a quarterly loss of $13.07 million.
    * Wall Street's median 12-month price target for Grove
Collaborative Holdings Inc is $2.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
11 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.08          -0.08          Met
 Dec. 31 2022      -0.09          -0.05          Beat