Hydrofarm Holdings Group Inc expected to post a loss of 29 cents a share - Earnings Preview

Hydrofarm Holdings

09/05/2023 03:04

* Hydrofarm Holdings Group Inc  HYFM.OQ   HYFM.O  is
expected
to show a fall in quarterly revenue when it reports  results on
May 10. 
    * The Shoemakersville Pennsylvania-based  company is
expected to
report  a 43.1% decrease in revenue to $63.399 million from
$111.38 million a year ago, according to the mean estimate from
6 analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Hydrofarm Holdings
Group
Inc is for a loss of 29 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"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 $2​, above​ its last closing price
of $1.29. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  -0.51       -0.45      -0.45     Met     1.1
 Sep. 30 2022  -0.35       -0.32      -0.33     Missed  -1.5
 Jun. 30 2022  -0.48       -0.25      -0.19     Beat    23​
 Mar. 31 2022  -0.06       -0.06      -0.17     Missed  -205.2
 ​​Dec.        0.01        0.02       -0.05     Missed  -318.7
 31 2021                                                
 Sep. 30 2021  0.24        0.25       0.17      Missed  -32.5​
 Jun. 30 2021  0.21        0.20       0.30      Beat    51.3
 Mar. 31 2021  0.14        0.09       0.19      Beat    102.1
 This summary was machine generated May 9 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated