GrowGeneration Sees FY24 Revenue $190M-$195M Vs 203.8M Estimate
Portfolio Pulse from Benzinga Newsdesk
GrowGeneration has revised its FY24 revenue forecast to $190M-$195M, which is below the previous estimate of $203.8M.
August 08, 2024 | 9:56 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
GrowGeneration has lowered its FY24 revenue forecast to $190M-$195M, which is below the previous estimate of $203.8M. This revision may negatively impact investor sentiment and the stock price in the short term.
The downward revision of the revenue forecast indicates potential challenges in achieving previously expected growth, which could lead to a negative reaction from investors and a decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100