GrowGeneration Corp reports results for the quarter ended in December - Earnings Summary
13/03/2024 21:01
* GrowGeneration Corp GRWG.OQ reported a quarterly
adjusted loss
of 44 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 mean expectation of seven analysts for the
quarter was for a loss of 13 cents per share. Wall Street
expected results to range from -15 cents to -11 cents per share.
* Revenue fell 9.2% to $49.45 million from a year ago;
analysts
expected $45.55 million.
* GrowGeneration Corp's reported EPS for the quarter was a
loss
of 44 cents.
* The company reported a quarterly loss of $27.31 million.
* GrowGeneration Corp shares had fallen by 17.9% 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 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the home
improvement
products & services retailers peer group is also "buy"
Wall Street's median 12-month price target for GrowGeneration
Corp is $4.00
This summary was machine generated from LSEG data March 13 at
09:00 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 -0.13 -0.44 Missed
Sep. 30 2023 -0.11 -0.12 Missed
Jun. 30 2023 -0.08 -0.09 Missed
Mar. 31 2023 -0.11 -0.10 Beat