Hydrofarm Holdings Group Inc reports results for the quarter ended March 31 - Earnings Summary

• Hydrofarm Holdings Group Inc HYFM.OQ reported a quarterly adjusted loss of $1.28​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -80 cents. The mean expectation of two analysts for the quarter was for a loss of $1.71 per share.

• Revenue fell 25.2% to $40.53 million from a year ago; analysts expected $53.55 million.

• Hydrofarm Holdings Group Inc's reported EPS for the quarter was a loss of $3.12​.

• The company reported a quarterly loss of $14.39 million.

• Hydrofarm Holdings Group Inc shares had risen by 101.6% this quarter and lost 34.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the heavy machinery & vehicles peer group is also "hold"

• Wall Street's median 12-month price target for Hydrofarm Holdings Group Inc is $7.00

This summary was machine generated from LSEG data May 13 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)