GrowGeneration dips after earnings miss, weak FY guidance

GrowGeneration

11/11/2021 14:32

** Farm supplies company GrowGeneration's shares  GRWG.O 
down 7.2% at $21.65 premarket
    ** Co misses Q3 profit estimates, reporting earnings of 7
cents/share vs. est 9 cents/share 
    ** Nonetheless, GRWG's Q3 revenue rose 111% to $116 mln
beating est of $114.8 mln 
    ** GRWG has beat revenue estimates for 10 consecutive
quarters  
    ** Co sees FY revenue between $435-$440 mln vs. est $448.4
mln 
    ** All eight brokerages covering GRWG rate the stock "buy"
or higher
    ** Their median PT is $40.5, implying an upside of 73.5%,
per Refinitiv data 
    ** Up to last close, stock has fallen ~42% this year

 (Reporting by Bansari Mayur Kamdar)
 ((BansariMayur.Kamdar@thomsonreuters.com;))