Hydrofarm Holdings Group Q3 2023 EPS $(0.44) Misses $(0.15) Estimate, Sales $54.17M Miss $55.72M Estimate
Portfolio Pulse from totan@benzinga.com
Hydrofarm Holdings Group (NASDAQ:HYFM) reported Q3 2023 earnings per share (EPS) of $(0.44), missing the analyst consensus estimate of $(0.15) by 193.33%. This is a 33.33% decrease from the same period last year. The company also reported quarterly sales of $54.17 million, missing the analyst consensus estimate of $55.72 million by 2.79%. This is a 26.95% decrease from the same period last year.
November 09, 2023 | 9:22 pm
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Hydrofarm Holdings Group's Q3 2023 earnings and sales missed estimates, with a significant decrease from the same period last year.
Hydrofarm Holdings Group reported a significant miss in both earnings per share and sales for Q3 2023, compared to analyst estimates. This, coupled with a significant decrease from the same period last year, is likely to negatively impact the company's stock in the short term.
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