Hydrofarm Holdings Group Q2 2024 GAAP EPS $(0.51) Misses $(0.18) Estimate, Sales $54.793M Beat $53.910M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hydrofarm Holdings Group (NASDAQ:HYFM) reported Q2 2024 GAAP EPS of $(0.51), missing the $(0.18) estimate by 183.33%. However, sales of $54.793M beat the $53.910M estimate by 1.64%, though this is a 13.10% decrease from the same period last year.
August 08, 2024 | 11:10 am
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Hydrofarm Holdings Group (HYFM) reported a significant EPS miss for Q2 2024, with a loss of $(0.51) per share compared to the $(0.18) estimate. However, sales slightly exceeded expectations at $54.793M, though they were down 13.10% year-over-year.
The significant EPS miss is likely to negatively impact investor sentiment and the stock price in the short term, despite the slight beat in sales. The year-over-year sales decline further adds to the negative outlook.
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IMPORTANCE 80
RELEVANCE 100