Grove Collaborative (NYSE:GROV) Announces Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Grove Collaborative (NYSE:GROV) issued its quarterly earnings data on Tuesday. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.07), Zacks reports. Grove Collaborative had a negative return on equity of 417.96% and a negative net margin of 11.35%.

Grove Collaborative Price Performance

Shares of GROV traded up $0.06 during mid-day trading on Tuesday, reaching $1.68. 91,820 shares of the company’s stock were exchanged, compared to its average volume of 161,271. Grove Collaborative has a 52-week low of $1.19 and a 52-week high of $2.00. The company has a quick ratio of 1.45, a current ratio of 2.07 and a debt-to-equity ratio of 14.58. The company has a 50-day simple moving average of $1.53 and a two-hundred day simple moving average of $1.43. The company has a market cap of $65.45 million, a price-to-earnings ratio of -2.43 and a beta of 1.04.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reaffirmed an “outperform” rating and set a $2.00 price target on shares of Grove Collaborative in a research note on Tuesday, March 4th.

Grove Collaborative Company Profile

Grove Collaborative Holdings, Inc operates as a plastic neutral consumer products retailer in the United States. It offers household, personal care, beauty, and other consumer products through retail channels, third parties, direct-to-consumer platform, and mobile applications, as well as online store.