GrowGeneration (GRWG) Scheduled to Post Quarterly Earnings on Thursday

GrowGeneration (NASDAQ:GRWG) will be announcing its earnings results after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

GrowGeneration (NASDAQ:GRWG) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.04). GrowGeneration had a negative return on equity of 18.00% and a negative net margin of 22.68%. The company had revenue of $47.89 million during the quarter, compared to analysts’ expectations of $46.52 million. On average, analysts expect GrowGeneration to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

GrowGeneration Price Performance

Shares of GRWG opened at $2.01 on Wednesday. GrowGeneration has a one year low of $1.77 and a one year high of $3.78. The company has a 50-day simple moving average of $2.36 and a two-hundred day simple moving average of $2.39. The firm has a market capitalization of $122.03 million, a PE ratio of -2.54 and a beta of 3.09.

Wall Street Analyst Weigh In

Several analysts have commented on GRWG shares. Lake Street Capital lowered their price objective on shares of GrowGeneration from $5.00 to $4.00 and set a “buy” rating for the company in a report on Friday, July 26th. Roth Mkm raised their price objective on shares of GrowGeneration from $2.25 to $2.75 and gave the stock a “neutral” rating in a report on Thursday, May 9th. Finally, Stifel Nicolaus lowered their target price on shares of GrowGeneration from $2.55 to $2.50 and set a “hold” rating for the company in a report on Monday, July 29th.

GrowGeneration Company Profile

GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. The company engages in the marketing and distribution of nutrients, additives, growing media, lighting, and environmental control systems, as well as other indoor and outdoor growing products.