Recap: Hydrofarm Holdings Group Q3 Earnings
Portfolio Pulse from Benzinga Insights
Hydrofarm Holdings Group (NASDAQ:HYFM) reported Q3 earnings, missing estimated earnings by 193.33% with an EPS of $-0.44 versus an estimate of $-0.15. Revenue was down $19.99 million from the same period last year. Last quarter, the company also missed on EPS which was followed by a 8.7% drop in the share price the next day.
November 09, 2023 | 9:25 pm
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NEGATIVE IMPACT
Hydrofarm Holdings Group's Q3 earnings significantly missed estimates, which could negatively impact the stock price in the short term, as seen in the previous quarter.
Hydrofarm Holdings Group's Q3 earnings were significantly below estimates, which is typically a negative signal to investors and can lead to a decrease in stock price. This is further supported by the company's history, as a similar earnings miss in the previous quarter led to a 8.7% drop in the share price the next day.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100