GrowGeneration Corp expected to post a loss of 11 cents a share - Earnings Preview
06/05/2023 03:01
* GrowGeneration Corp GRWG.OQ GRWG.O is expected to show
a
fall in quarterly revenue when it reports results on May 9.
* The Greenwood Village Colorado-based company is expected
to
report a 31.6% decrease in revenue to $55.945 million from
$81.77 million a year ago, according to the mean estimate from 8
analysts, based on Refinitiv data. The company's guidance on
March 15 2023, for the period ended March 31, was for revenue
between $55.00 million and $57.00 million.
* Refinitiv's mean analyst estimate for GrowGeneration Corp
is
for a loss of 11 cents per share.
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."
* The mean earnings estimate of analysts was unchanged in
the last
three months.
* Wall Street's median 12-month price target for
GrowGeneration
Corp is $4.28, above its last closing price of $3.62.
The company's guidance on March 15 2023 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between 55 million and -2 million (USD).The
company's guidance on March 15 2023 for the period ended March
31 was for gross profit margin between USD25% and USD28%.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM REFINITIV ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT IBES MET, SE %
E® ESTIMATE MISSED
Dec. 31 2022 -0.11 -0.25 Missed -117.4
Sep. 30 2022 -0.13 -0.12 -0.12 Met 4
Jun. 30 2022 -0.08 -0.08 -0.14 Missed -80.6
Mar. 31 2022 -0.09 -0.08 -0.09 Missed -8
Dec. -0.10 -0.09 -0.07 Beat 24.1
31 2021
Sep. 30 2021 0.08 0.09 0.07 Missed -18.8
Jun. 30 2021 0.12 0.12 0.11 Missed -8.3
Mar. 31 2021 0.08 0.07 0.10 Beat 34.6
This summary was machine generated May 6 at 02:01 GMT. All
figures in US dollars unless otherwise stated