GrowGeneration: Wrong-way cannabis earnings play of the day
GrowGeneration killed it on today's earnings report, but dropped about 5%. This presents a buying opportunity.
The company reported GAAP earnings of $.03 per share, beating analyst estimates of 0.02/share. It reported revenue of $21.8 million, vs. the forecast of $20.621 million. These are big year-over-year increases. This time last year, the company reported a loss of ($.02) per share. Revenue is up $13.4 million, or 159% over last year's quarterly report of $8.400 million. The company raised its full-year revenue forecast to about 75M. Same-store sales and profit margins both saw large increases.
Coming after analyst downgrades for Aurora Cannabis and CanopyGrowth, GrowGeneration's results make it a standout small-cap player in the ever-popular cannabis sector. Overall, this company is executing like a boss.
The company reported GAAP earnings of $.03 per share, beating analyst estimates of 0.02/share. It reported revenue of $21.8 million, vs. the forecast of $20.621 million. These are big year-over-year increases. This time last year, the company reported a loss of ($.02) per share. Revenue is up $13.4 million, or 159% over last year's quarterly report of $8.400 million. The company raised its full-year revenue forecast to about 75M. Same-store sales and profit margins both saw large increases.
Coming after analyst downgrades for Aurora Cannabis and CanopyGrowth, GrowGeneration's results make it a standout small-cap player in the ever-popular cannabis sector. Overall, this company is executing like a boss.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.