Hydrofarm Holdings Group Inc reports results for the quarter ended in December - Earnings Summary
01/03/2024 09:02
* Hydrofarm Holdings Group Inc HYFM.OQ reported a
quarterly
adjusted loss of 10 cents per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -45 cents. The mean expectation of
three analysts for the quarter was for a loss of 19 cents per
share. Wall Street expected results to range from -21 cents
to -18 cents per share.
* Revenue fell 23.2% to $47.18 million from a year ago;
analysts
expected $51.43 million.
* Hydrofarm Holdings Group Inc's reported EPS for the
quarter was
a loss of 33 cents.
* The company reported a quarterly loss of $15.22 million.
* Hydrofarm Holdings Group Inc shares had fallen by 1.6%
this
quarter.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 4.9%
in the last three months.
* In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.
RECOMMENDATIONS
* 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 average consensus recommendation for the heavy
machinery &
vehicles peer group is also "hold"
Wall Street's median 12-month price target for Hydrofarm
Holdings Group Inc is $1.03
This summary was machine generated from LSEG data March 1 at
09:01 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
Dec. 31 2023 -0.19 -0.10 Beat
Sep. 30 2023 -0.15 -0.16 Missed
Jun. 30 2023 -0.18 -0.05 Beat
Mar. 31 2023 -0.29 -0.13 Beat