GrowGeneration Corp GRWG.OQ reported a quarterly adjusted loss of 10 cents per share for the quarter ended in June, lower than the same quarter last year, when the company reported EPS of -9 cents. The mean expectation of six analysts for the quarter was for a loss of 8 cents per share. Wall Street expected results to range from -9 cents to -7 cents per share.
Revenue fell 16.3% to $53.54 million from a year ago; analysts expected $52.20 million.
GrowGeneration Corp's reported EPS for the quarter was a loss of 10 cents.
The company reported a quarterly loss of $5.9 million.
GrowGeneration Corp shares had fallen by 7.9% this quarter and lost 21.1% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 6% in the last three months.
In the last 30 days, two analysts revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 4 "hold" and "sell" or "strong sell."
The average consensus recommendation for the home improvement products & services retailers peer group is also "hold"
Wall Street's median 12-month price target for GrowGeneration Corp is $2.75
This summary was machine generated from LSEG data August 9 at 06:21 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 |
Jun. 30 2024 |
-0.08 |
-0.10 |
Missed |
Mar. 31 2024 |
-0.11 |
-0.14 |
Missed |
Dec. 31 2023 |
-0.13 |
-0.44 |
Missed |
Sep. 30 2023 |
-0.11 |
-0.12 |
Missed |