Hydrofarm HoldingsNASDAQ: HYFM

Hydrofarm Holdings Group, Inc. (NASDAQ: HYFM) Q1 2024 Results Conference Call on May 14, 2024 at 8:30 AM ET. Presenters include Anna Heller from ICR, William Toler - Chairman and CEO, and John Lindeman - EVP & CFO. Participants on the call include Peter Grom from UBS Group, Andrew Carter from Stifel, and Jesse Redmond from Water Tower Research. Operator welcomes everyone to the call.

Hydrofarm (HYFM) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Many agricultural stocks are looking upward to vertical farming to expand their market share and income opportunities. Vertical farming describes a range of techniques that, rather than letting produce and plants grow across the ground, create tiered or towered platforms to grow upward.

Hydrofarm Holdings Group, Inc. (HYFM) Q4 2023 Earnings Call Transcript

Hydrofarm Holdings Group, Inc. (HYFM) came out with a quarterly loss of $0.27 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $0.45 per share a year ago.

Hydrofarm stock has decreased since the previous positive perspective article, currently lagging behind other cannabis stocks. The potential delisting by NASDAQ poses a challenge for the company, but a reverse-split could help it meet the minimum price requirement. Despite challenging fundamentals, Hydrofarm has reduced expenses and generated cash flow, with the potential for significant upside in the future.

The cannabis industry's landscape is still changing at an incredibly fast rate as we approach mid-October 2023. The ancillary business has become a hotbed for investors looking to profit from the industry's expansion as marijuana legalization spreads throughout the globe. Companies that give crucial services and goods to the cannabis industry, such as ancillary marijuana stocks, have been growing, providing special potential for investors. Cannabis sales have increased significantly in recent years, with estimates showing that they will reach $24.6 billion globally in 2022 and continue to rise sharply. Ancillary cannabis companies, from those specializing in technology and equipment to packaging and branding, are at the forefront of this transformative industry, presenting investors with diverse options to explore.

Hydrofarm Holdings Group, Inc (NASDAQ:HYFM ) Q2 2023 Earnings Conference Call August 9, 2023 4:30 PM ET Company Participants Anna Kate Heller - Investor Relations Bill Toler - Chairman and Chief Executive Officer John Lindeman - Chief Financial Officer Conference Call Participants Andrew Carter - Stifel Peter Grom - UBS Bill Chappell - Truist Securities Jesse Redmond - Water Tower Research Operator Good day, ladies and gentlemen and thank you for standing by. Welcome to the Hydrofarm Holdings Group Second Quarter 2023 Earnings Conference Call.

Hydrofarm Holdings Group, Inc. (HYFM) came out with a quarterly loss of $0.21 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.19 per share a year ago.