GrowGeneration Corp reports results for the quarter ended in June - Earnings Summary

GrowGeneration

09/08/2024 07:22

* GrowGeneration Corp  GRWG.OQ  reported a quarterly
adjusted loss
of 10 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of -9 cents.  The mean expectation of six analysts for the
quarter was for a loss of 8 cents per share. Wall Street
expected results to range from -9 cents to -7 cents per share.
    * Revenue fell 16.3% to $53.54 million from a year ago;
analysts
expected $52.20 million. 
    * GrowGeneration Corp's reported EPS for the quarter was a
loss
of 10 cents​.
    * The company reported a quarterly loss of $5.9 million.
    * GrowGeneration Corp shares had fallen by 7.9% this
quarter and
lost 21.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6% in
the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the home
improvement
products & services retailers peer group is also "hold"

Wall Street's median 12-month price target for GrowGeneration
Corp is $2.75 
This summary was machine generated from LSEG data August 9 at
06:21 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      -0.08          -0.10          Missed
 Mar. 31 2024      -0.11          -0.14          Missed
 Dec. 31 2023      -0.13          -0.44          Missed
 Sep. 30 2023      -0.11          -0.12          Missed