Hydrofarm Holdings Group Inc expected to post a loss of 19 cents a share - Earnings Preview

Hydrofarm Holdings

27/02/2024 13:56

* Hydrofarm Holdings Group Inc  HYFM.OQ   HYFM.O  is
expected
to show a fall in quarterly revenue when it reports  results on
February 29 for the period ending December 31 2023
    * The Shoemakersville Pennsylvania-based  company is
expected to
report a 16.3% decrease in revenue to $51.43 million from $61.46
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data. (Majority is on Total Revenue
Basis)
    * ​LSEG's mean analyst estimate for Hydrofarm Holdings Group
Inc
is for a loss of 19 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"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 Hydrofarm
Holdings Group Inc is $1.03​, above​ its last closing price
of $0.88. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.14       -0.15      -0.16     Missed  -4.3
 Jun. 30 2023  -0.19       -0.18      -0.05     Beat    72.2
 Mar. 31 2023  -0.33       -0.29      -0.13     Beat    55.4​
 Dec. 31 2022  -0.51       -0.45      -0.45     Met     1.1
 ​​Sep.        -0.35       -0.32      -0.33     Missed  -1.5
 30 2022                                                
 Jun. 30 2022  -0.48       -0.25      -0.19     Beat    23​
 Mar. 31 2022  -0.06       -0.06      -0.17     Missed  -205.2
 Dec. 31 2021  0.01        0.02       -0.05     Missed  -318.7
 This summary was machine generated February 27 at 13:55 GMT. 
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)