GrowGeneration Corp expected to post a loss of 11 cents a share - Earnings Preview
07/05/2024 03:07
* GrowGeneration Corp GRWG.OQ GRWG.O is expected to show
a
fall in quarterly revenue when it reports results on May 8 for
the period ending March 31 2024
* The Greenwood Village Colorado-based company is expected
to
report a 17.5% decrease in revenue to $46.855 million from
$56.83 million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on March 13
2024, for the period ended March 31, was for revenue between
$45.00 million and $48.00 million.
* LSEG's mean analyst estimate for GrowGeneration Corp is
for a
loss of 11 cents per share.
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"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
GrowGeneration
Corp is $3.25, above its last closing price of $2.78.
The company's guidance on March 14 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between 45 million and -1 million (USD).
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Dec. 31 2023 -0.13 -0.44 Missed -227.6
Sep. 30 2023 -0.11 -0.11 -0.12 Missed -10.5
Jan. 1 0001 -0.08 -0.08 -0.09 Missed -17.5
Mar. 31 2023 -0.11 -0.11 -0.10 Beat 9
Dec. -0.11 -0.25 Missed -117.4
31 2022
Sep. 30 2022 -0.13 -0.12 -0.12 Met 4
Jun. 30 2022 -0.08 -0.08 -0.14 Missed -80.6
Mar. 31 2022 -0.09 -0.08 -0.09 Missed -8
This summary was machine generated May 7 at 02:06 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)