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.

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.

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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