GrowGeneration (GRWG) to Release Earnings on Wednesday

GrowGeneration (NASDAQ:GRWG) will post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect GrowGeneration to post 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.Investors interested in registering for the company’s 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 for the quarter, missing the consensus estimate of ($0.12) by ($0.06). GrowGeneration had a negative net margin of 20.58% and a negative return on equity of 15.60%. The firm had revenue of $49.45 million during the quarter, compared to analyst estimates 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 Trading Up 5.9 %

NASDAQ GRWG opened at $2.69 on Monday. GrowGeneration has a 52 week low of $1.77 and a 52 week high of $5.00. The firm has a 50 day moving average of $2.37 and a two-hundred day moving average of $2.38.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer cut GrowGeneration from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 20th.

About GrowGeneration

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.