Grove Collaborative Holdings Inc reports results for the quarter ended June 30 - Earnings Summary

• Grove Collaborative Holdings Inc GROV.N reported a quarterly adjusted loss of 10 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -28 cents. The lone analyst forecast for the quarter was for a loss of 4 cents per share.

• Revenue fell 16.4% to $44.03 million from a year ago; analysts expected $44.37 million.

• Grove Collaborative Holdings Inc's reported EPS for the quarter was a loss of 10 cents​.

• The company reported a quarterly loss of $3.92 million.

• Grove Collaborative Holdings Inc shares had risen by 14.8% this quarter and lost 5.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "buy"

• Wall Street's median 12-month price target for Grove Collaborative Holdings Inc is $3.00, about 57% above its last closing price of $1.29

This summary was machine generated from LSEG data August 8 at 03:48 a.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)