GrowGeneration Corp. (NASDAQ:GRWG) Expected to Post Earnings of -$0.01 Per Share

Wall Street brokerages expect GrowGeneration Corp. (NASDAQ:GRWG – Get Rating) to report earnings of ($0.01) per share for the current quarter, according to Zacks. Five analysts have made estimates for GrowGeneration’s earnings, with the lowest EPS estimate coming in at ($0.11) and the highest estimate coming in at $0.04. GrowGeneration reported earnings per share of $0.11 in the same quarter last year, which would suggest a negative year over year growth rate of 109.1%. The firm is expected to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that GrowGeneration will report full year earnings of ($0.09) per share for the current fiscal year, with EPS estimates ranging from ($0.37) to $0.13. For the next financial year, analysts expect that the company will post earnings of $0.17 per share, with EPS estimates ranging from ($0.05) to $0.63. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow GrowGeneration.

GrowGeneration (NASDAQ:GRWG – Get Rating) last posted its earnings results on Tuesday, May 10th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). GrowGeneration had a return on equity of 0.40% and a net margin of 0.35%. The company had revenue of $81.80 million for the quarter, compared to the consensus estimate of $83.57 million. During the same quarter last year, the business earned $0.10 EPS. GrowGeneration’s quarterly revenue was down 9.1% compared to the same quarter last year.

GRWG has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price objective on GrowGeneration from $8.00 to $4.00 in a research note on Wednesday. Oppenheimer decreased their target price on GrowGeneration from $50.00 to $15.00 in a research note on Thursday. Roth Capital lowered GrowGeneration from a “buy” rating to a “neutral” rating and cut their price target for the company from $20.00 to $8.00 in a report on Thursday, March 3rd. Zacks Investment Research lowered GrowGeneration from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. Finally, Craig Hallum downgraded shares of GrowGeneration from a “buy” rating to a “hold” rating and decreased their price objective for the company from $30.00 to $12.50 in a report on Friday, January 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.25.

Several large investors have recently modified their holdings of GRWG. United Capital Financial Advisers LLC raised its stake in GrowGeneration by 6.0% during the third quarter. United Capital Financial Advisers LLC now owns 8,774 shares of the company’s stock worth $216,000 after buying an additional 500 shares during the last quarter. Marathon Capital Management raised its stake in GrowGeneration by 0.5% during the third quarter. Marathon Capital Management now owns 110,700 shares of the company’s stock worth $2,731,000 after buying an additional 525 shares during the last quarter. Arizona State Retirement System raised its stake in GrowGeneration by 7.5% during the third quarter. Arizona State Retirement System now owns 12,820 shares of the company’s stock worth $316,000 after buying an additional 895 shares during the last quarter. CWM LLC raised its stake in GrowGeneration by 48.3% during the first quarter. CWM LLC now owns 4,386 shares of the company’s stock worth $40,000 after buying an additional 1,428 shares during the last quarter. Finally, Financial Advocates Investment Management raised its stake in GrowGeneration by 17.5% during the first quarter. Financial Advocates Investment Management now owns 16,722 shares of the company’s stock worth $154,000 after buying an additional 2,490 shares during the last quarter. Institutional investors own 44.93% of the company’s stock.

GRWG stock opened at $4.77 on Friday. The company has a market cap of $289.74 million, a P/E ratio of 238.50 and a beta of 2.84. GrowGeneration has a twelve month low of $3.62 and a twelve month high of $52.80. The business has a fifty day moving average of $7.76 and a 200-day moving average of $11.44.

About GrowGeneration (Get Rating)

GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. It engages in the marketing and distribution of nutrients, growing media, advanced indoor and greenhouse lighting, environmental control systems, vertical benching, and accessories for hydroponic gardening, as well as other indoor and outdoor growing products.

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