Analysts Are More Bearish On Grove Collaborative Holdings, Inc. (NYSE:GROV) Than They Used To Be [Yahoo! Finance]
Grove Collaborative Holdings, Inc. Class A (GROV)
Company Research
Source: Yahoo! Finance
Both revenue and earnings per share (EPS) forecasts went under the knife, suggesting the analysts have soured majorly on the business. Following the latest downgrade, the dual analysts covering Grove Collaborative Holdings provided consensus estimates of US$223m revenue in 2024, which would reflect an uneasy 14% decline on its sales over the past 12 months. Losses are predicted to fall substantially, shrinking 49% to US$0.61 per share. Yet before this consensus update, the analysts had been forecasting revenues of US$253m and losses of US$0.27 per share in 2024. So there's been quite a change-up of views after the recent consensus updates, with the analysts making a serious cut to their revenue forecasts while also expecting losses per share to increase. View our latest analysis for Grove Collaborative Holdings Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimat
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News
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- Perks and Rec: The best countertop compost bin is on sale [USA TODAY]USA TODAY
- How to Engage Your Customers and Employees in Your Sustainability Efforts [Yahoo! Finance]Yahoo! Finance
- Grove Collaborative Launches Grove Co. Rebrand with New Ready-to-Use Assortment in Beautifully Sustainable Aluminum Packaging [Yahoo! Finance]Yahoo! Finance
- Grove Collaborative Launches Grove Co. Rebrand with New Ready-to-Use Assortment in Beautifully Sustainable Aluminum PackagingBusiness Wire
GROV
Sec Filings
- 4/10/24 - Form 4
- 4/5/24 - Form ARS
- 4/5/24 - Form DEFA14A
- GROV's page on the SEC website