Hydrofarm Holdings Group Q4 2023 GAAP EPS $(0.33), Sales $47.18M Miss $51.43M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hydrofarm Holdings Group (HYFM) reported Q4 2023 GAAP EPS of $(0.33) and sales of $47.18M, missing the analyst consensus estimate of $51.43M by 8.26%. This represents a 23.23% decrease in sales compared to the same period last year.
February 29, 2024 | 12:24 pm
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Hydrofarm Holdings Group reported a Q4 2023 GAAP EPS of $(0.33) and sales of $47.18M, missing estimates by 8.26% and marking a 23.23% decrease from the previous year.
The reported earnings miss and significant year-over-year sales decline are likely to negatively impact investor sentiment and the stock price in the short term. Missing analyst estimates can often lead to decreased confidence in the company's future performance, potentially resulting in a drop in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100