Hydrofarm Holdings Group (NASDAQ:HYFM) issued an update on its first quarter 2021 earnings guidance on Tuesday morning. The company provided EPS guidance of – for the period. The company issued revenue guidance of $109 million-$111 million, compared to the consensus revenue estimate of $104.89 million.
Shares of Hydrofarm Holdings Group stock traded down $1.35 during trading on Tuesday, hitting $64.04. The stock had a trading volume of 10,136 shares, compared to its average volume of 531,339. The company has a fifty day simple moving average of $60.73. Hydrofarm Holdings Group has a 12 month low of $41.59 and a 12 month high of $95.48.
Hydrofarm Holdings Group (NASDAQ:HYFM) last announced its earnings results on Monday, March 29th. The company reported ($0.43) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.34) by ($0.09). Equities analysts forecast that Hydrofarm Holdings Group will post -0.29 EPS for the current year.
About Hydrofarm Holdings Group
Hydrofarm Holdings Group, Inc, together with its subsidiaries, engages in the manufacture and distribution of controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. The company offers agricultural lighting devices, indoor climate control equipment, hydroponics and nutrients, and plant additives used to grow, farm, and cultivate cannabis, flowers, fruits, plants, vegetables, grains, and herbs in controlled environment; and distributes CEA equipment and supplies, which include grow light systems; heating, ventilation, and air conditioning systems; humidity and carbon dioxide monitors and controllers; water pumps, heaters, chillers, and filters; nutrient and fertilizer delivery systems; and various growing media made from soil, rock wool or coconut fiber.
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