Recap: Hydrofarm Holdings Group Q1 Earnings

Hydrofarm Holdings Group HYFM reported its Q1 earnings results on Wednesday, May 10, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Hydrofarm Holdings Group missed estimated earnings by 27.59%, reporting an EPS of $-0.37 versus an estimate of $-0.29.

Revenue was down $49.20 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.0 which was followed by a 12.9% increase in the share price the next day.

Here's a look at Hydrofarm Holdings Group's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -0.45 -0.32 0.06 -0.05
EPS Actual -0.45 -0.33 -0.19 -0.17
Revenue Estimate 48.37M 67.21M 116.56M 129.14M
Revenue Actual 61.46M 74.16M 97.51M 111.38M

To track all earnings releases for Hydrofarm Holdings Group visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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