GrowGeneration Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St.11-14

GrowGeneration (NASDAQ:GRWG) Third Quarter 2024 Results Key Financial Results Revenue: US$50.0m (down 10% from 3Q 2023). Net loss: US$11.4m (loss widened by 56% from 3Q 2023). US$0.19 loss per share ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 2.7%. Earnings per share  missed analyst estimates by 65%.Looking ahead, revenue is expected to decline by 6.3% p.a. on average during the next 2 years, while revenues in the Specialty Retail industry in the US are expected to grow by 4.6%.The company's shares are down 1.1% from a week ago.It's still necessary to consider the ever-present spectre of investment risk.   We've identified 1 warning sign  with GrowGeneration, and understanding this should be part of your investment process.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"GRWG":"GrowGeneration Corp."},"translate_title":"GrowGeneration 2024年第三季度收益：收入超出预期，每股收益滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GRWG":0.9},"content_text":"GrowGeneration (NASDAQ:GRWG) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$50.0m (down 10% from 3Q 2023).\nNet loss: US$11.4m (loss widened by 56% from 3Q 2023).\nUS$0.19 loss per share (further deteriorated from US$0.12 loss in 3Q 2023).\n\n\n\n\n  NasdaqCM:GRWG Earnings and Revenue Growth November 14th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nGrowGeneration Revenues Beat Expectations, EPS Falls Short\n Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 65%. \n Looking ahead, revenue is expected to decline by 6.3% p.a. on average during the next 2 years, while revenues in the Specialty Retail industry in the US are expected to grow by 4.6%. \nPerformance of the American Specialty Retail industry.\n The company's shares are down 1.1% from a week ago. \nRisk Analysis\n It's still necessary to consider the ever-present spectre of investment risk.   We've identified 1 warning sign  with GrowGeneration, and understanding this should be part of your investment process. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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