Yahoo Finance GrowGeneration Third Quarter 2022 Earnings: Beats Expectations
GrowGeneration (NASDAQ:GRWG) Third Quarter 2022 Results
Key Financial Results
Revenue: US$70.9m (down 39% from 3Q 2021).
Net loss: US$7.20m (down by 279% from US$4.03m profit in 3Q 2021).
US$0.12 loss per share (down from US$0.069 profit in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
GrowGeneration Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) also surpassed analyst estimates by 7.7%.
Looking ahead, revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Specialty Retail industry in the US.
Performance of the American Specialty Retail industry.
The company's shares are up 53% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for GrowGeneration (1 can't be ignored!) that you need to be mindful of.
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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. Simply Wall St has no position in any stocks mentioned.
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