GrowGeneration (GRWG) to Release Quarterly Earnings on Wednesday

GrowGeneration (NASDAQ:GRWG) is set to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.10) per share for the quarter. GrowGeneration has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

GrowGeneration (NASDAQ:GRWG) last issued its earnings results on Wednesday, March 13th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.06). GrowGeneration had a negative return on equity of 15.60% and a negative net margin of 20.58%. The business had revenue of $49.45 million for the quarter, compared to the consensus estimate of $46.03 million. On average, analysts expect GrowGeneration to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

GrowGeneration Stock Performance

NASDAQ:GRWG opened at $2.69 on Monday. The firm has a 50-day simple moving average of $2.37 and a 200-day simple moving average of $2.38. GrowGeneration has a one year low of $1.77 and a one year high of $5.00.

Analyst Upgrades and Downgrades

Separately, Oppenheimer lowered shares of GrowGeneration from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 20th.

GrowGeneration Company Profile

GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. The company engages in the marketing and distribution of nutrients, additives, growing media, lighting, and environmental control systems, as well as other indoor and outdoor growing products.