Urban-gro Q4 2023 Adj EPS $(0.34) Misses $(0.13) Estimate, Sales $15.005M Miss $28.938M Estimate
Portfolio Pulse from Benzinga Newsdesk
Urban-gro (NASDAQ:UGRO) reported Q4 2023 adjusted EPS of $(0.34), missing the $(0.13) estimate, with sales of $15.005M also missing the $28.938M estimate. This represents a 13.40% decrease in sales compared to the same period last year.
March 27, 2024 | 8:42 pm
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NEGATIVE IMPACT
Urban-gro reported significant misses in both adjusted EPS and sales for Q4 2023, with a notable year-over-year decrease in sales.
Urban-gro's significant miss on both earnings per share and sales estimates, coupled with a year-over-year sales decrease, is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss and the downward trend in sales highlight operational challenges that could concern investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100