GrowGeneration Q1 2024 GAAP EPS $(0.14) Misses $(0.11) Estimate, Sales $47.888M Beat $46.855M Estimate
Portfolio Pulse from Benzinga Newsdesk
GrowGeneration (NASDAQ:GRWG) reported Q1 2024 earnings with a GAAP EPS of $(0.14), missing the $(0.11) estimate, and sales of $47.888M, beating the $46.855M estimate. This represents a 40% decrease in EPS and a 15.73% decrease in sales from the same period last year.
May 08, 2024 | 8:20 pm
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NEUTRAL IMPACT
GrowGeneration reported a larger than expected quarterly loss but exceeded sales estimates for Q1 2024, indicating mixed financial health.
The miss on EPS could pressure GRWG's stock price as it reflects a larger than anticipated loss, signaling potential concerns about profitability. However, the beat on sales estimates could offset some negative sentiment by demonstrating better than expected revenue performance. The mixed results present a neutral short-term outlook as investors weigh the implications of both the earnings miss and the sales beat.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100