Hydrofarm Holdings Group Inc reports results for the quarter ended in January 1 - Earnings Summary

Hydrofarm Holdings

07/11/2024 20:46

* Hydrofarm Holdings Group Inc  HYFM.OQ  reported a
quarterly
adjusted loss of 9 cents​​ per share for the quarter ended
January 1, higher than the same quarter last year, when the
company reported EPS of -16 cents.  The mean expectation of
two analysts for the quarter was for a loss of 18 cents per
share. 
    * Revenue fell 18.8% to $44.01 million from a year ago;
analysts
expected $49.14 million. 
    * Hydrofarm Holdings Group Inc's reported EPS for the
quarter was
a loss of 29 cents​.
    * The company reported a quarterly loss of $13.15 million.
    * Hydrofarm Holdings Group Inc shares had fallen by 14.7%
this
quarter and lost 35.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.9%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 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 $0.70 
This summary was machine generated from LSEG data November 7 at
08:45 p.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
 Sep. 30 2024      -0.18          -0.09          Beat
 Jun. 30 2024      -0.20          -0.05          Beat
 Mar. 31 2024      -0.19          -0.08          Beat
 Dec. 31 2023      -0.19          -0.10          Beat