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Grove Collaborative Hldgs (NYSE:GROV) is set to give its latest quarterly earnings report on Wednesday, 2024-03-06. Here's what investors need to know before the announcement.
Analysts estimate that Grove Collaborative Hldgs will report an earnings per share (EPS) of $-0.23.
Grove Collaborative Hldgs bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Last quarter the company missed EPS by $0.16, which was followed by a 8.79% increase in the share price the next day.
Here's a look at Grove Collaborative Hldgs's past performance and the resulting price change:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.15 | -0.31 | -0.4 | -0.45 |
| EPS Actual | -0.31 | -0.32 | -0.4 | -0.40 |
| Price Change % | 9.0% | 30.0% | -3.0% | -10.0% |
Shares of Grove Collaborative Hldgs were trading at $2.18 as of March 04. Over the last 52-week period, shares are down 7.19%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: GROV
