Brokers Issue Forecasts for GrowGeneration FY2024 Earnings

GrowGeneration Corp. (NASDAQ:GRWG) – Alliance Global Partners cut their FY2024 earnings per share (EPS) estimates for GrowGeneration in a report issued on Thursday, February 20th. Alliance Global Partners analyst A. Grey now expects that the company will post earnings per share of ($0.61) for the year, down from their prior estimate of ($0.59). The consensus estimate for GrowGeneration’s current full-year earnings is ($0.58) per share. Alliance Global Partners also issued estimates for GrowGeneration’s Q4 2024 earnings at ($0.18) EPS, Q1 2025 earnings at ($0.13) EPS, Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at ($0.08) EPS and FY2025 earnings at ($0.36) EPS.

GrowGeneration Trading Down 5.7 %

GRWG stock opened at $1.31 on Monday. The business’s fifty day moving average price is $1.53 and its 200 day moving average price is $1.83. GrowGeneration has a 12-month low of $1.25 and a 12-month high of $3.38. The company has a market capitalization of $77.66 million, a PE ratio of -1.51 and a beta of 3.09.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Empowered Funds LLC lifted its position in GrowGeneration by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 112,180 shares of the company’s stock worth $239,000 after acquiring an additional 5,628 shares during the period. American Century Companies Inc. boosted its holdings in GrowGeneration by 8.0% in the fourth quarter. American Century Companies Inc. now owns 108,910 shares of the company’s stock valued at $184,000 after acquiring an additional 8,077 shares during the last quarter. Barclays PLC boosted its holdings in GrowGeneration by 12.0% in the fourth quarter. Barclays PLC now owns 84,528 shares of the company’s stock valued at $143,000 after acquiring an additional 9,076 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in GrowGeneration by 13.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 80,998 shares of the company’s stock valued at $137,000 after acquiring an additional 9,613 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in GrowGeneration in the fourth quarter valued at about $27,000. 36.02% of the stock is owned by institutional investors and hedge funds.

About GrowGeneration

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.