Recap: GrowGeneration Q4 Earnings
Portfolio Pulse from Benzinga Insights
GrowGeneration (NASDAQ:GRWG) reported Q4 earnings with an EPS of $-0.44, missing estimates by -238.0% against an expected $-0.13. Revenue decreased by $5.00 million from the same period last year. Previously, a miss on EPS led to a 12.0% drop in share price the next day.
March 13, 2024 | 8:30 pm
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NEGATIVE IMPACT
GrowGeneration reported significantly lower Q4 earnings than expected and a decrease in revenue from the previous year.
The substantial miss in earnings expectations and the year-over-year revenue decrease are likely to negatively impact investor sentiment and the stock price in the short term, especially considering the historical context of a 12.0% drop in share price following last quarter's earnings miss.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100