Hydrofarm Holdings Group Inc expected to post a loss of 20 cents a share - Earnings Preview

Hydrofarm Holdings

06/08/2024 18:25

* Hydrofarm Holdings Group Inc  HYFM.OQ   HYFM.O  is
expected
to show a fall in quarterly revenue when it reports  results on
August 8 for the period ending June 30 2024
    * The Shoemakersville Pennsylvania-based  company is
expected to
report a 16.1% decrease in revenue to $52.91 million from $63.05
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Hydrofarm Holdings Group
Inc
is for a loss of 20 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"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 $0.95​, above​ its last closing price
of $0.55. ​​​

This summary was machine generated August 6 at 17:25 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)