GrowGeneration Corp reports results for the quarter ended June 30 - Earnings Summary

• GrowGeneration Corp GRWG.OQ reported a quarterly adjusted loss of 8 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -10 cents. The mean expectation of three analysts for the quarter was for a loss of 10 cents per share. Wall Street expected results to range from -12 cents to -9 cents per share.

• Revenue fell 23.5% to $40.96 million from a year ago; analysts expected $40.96 million.

• GrowGeneration Corp's reported EPS for the quarter was a loss of 8 cents​.

• The company reported a quarterly loss of $4.81 million.

• GrowGeneration Corp shares had risen by 12.3% this quarter and lost 37.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.3% 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 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the home improvement products & services retailers peer group is "buy."

• Wall Street's median 12-month price target for GrowGeneration Corp is $1.88, about 44% above its last closing price of $1.05

This summary was machine generated from LSEG data August 11 at 09:01 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)