GrowGeneration (GRWG) Set to Announce Earnings on Wednesday

GrowGeneration (NASDAQ:GRWG) is scheduled to 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.Parties interested in participating in the company’s conference call can do so using this link.

GrowGeneration (NASDAQ:GRWG) last announced its earnings results on Wednesday, March 13th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company 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 Up 3.3 %

NASDAQ GRWG opened at $2.78 on Tuesday. GrowGeneration has a 1 year low of $1.77 and a 1 year high of $5.00. The company has a fifty day simple moving average of $2.38 and a 200 day simple moving average of $2.38.

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.