GrowGeneration Q2 2024 GAAP EPS $(0.10) Misses $(0.08) Estimate, Sales $53.536M Beat $52.703M Estimate
Portfolio Pulse from Benzinga Newsdesk
GrowGeneration (NASDAQ:GRWG) reported Q2 2024 GAAP EPS of $(0.10), missing the $(0.08) estimate, but sales of $53.536M beat the $52.703M estimate. EPS decreased by 11.11% year-over-year, while sales decreased by 16.25% year-over-year.
August 08, 2024 | 9:39 pm
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GrowGeneration reported Q2 2024 GAAP EPS of $(0.10), missing the $(0.08) estimate, but sales of $53.536M beat the $52.703M estimate. EPS decreased by 11.11% year-over-year, while sales decreased by 16.25% year-over-year.
The missed EPS estimate and year-over-year decrease in both EPS and sales are likely to negatively impact the stock price in the short term, despite the slight beat in sales estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100