GrowGeneration Sees Q1 2024 Revenue $45M-$48M Vs $50.50M Est.
Portfolio Pulse from Benzinga Newsdesk
GrowGeneration projects its Q1 2024 revenue to be between $45M and $48M, which is below the estimated $50.50M.
March 13, 2024 | 8:33 pm
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NEGATIVE IMPACT
GrowGeneration's projected Q1 2024 revenue is below expectations, indicating potential short-term stock price pressure.
Revenue projections that fall short of market expectations can lead to negative investor sentiment and stock price declines. Given that GrowGeneration's forecast is significantly below the estimated revenue, this could result in short-term pressure on the stock price as investors adjust their expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100