Grove Collaborative Hldgs Q4 2023 GAAP EPS $(0.270) Misses $(0.230) Estimate, Sales $59.857M Miss $61.450M Estimate
Portfolio Pulse from Benzinga Newsdesk
Grove Collaborative Holdings (GROV) reported Q4 2023 earnings with a GAAP EPS of $(0.270), missing the $(0.230) estimate, and sales of $59.857M, below the $61.450M estimate. This represents a 19.15% decrease in sales compared to the same period last year.
March 06, 2024 | 9:10 pm
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NEGATIVE IMPACT
Grove Collaborative Holdings reported lower than expected Q4 2023 earnings and sales, missing analyst estimates and showing a significant decrease in sales year-over-year.
Missing both EPS and sales estimates, especially with a notable year-over-year sales decrease, typically leads to negative investor sentiment and could result in a short-term price decline for GROV.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100