Cronos Group Inc reports results for the quarter ended in January - Earnings Summary
Cronos Group Inc CRON.TO reported a quarterly adjusted loss of 2 cents per share for the quarter ended in January, lower than the same quarter last year, when the company reported EPS of -1 cents. The mean expectation of four analysts for the quarter was for breakeven results per share. Wall Street expected results to range from -1 cents tozero cents per share.
Revenue rose 46% to $27.76 million from a year ago; analysts expected $26.10 million.
Cronos Group Inc's reported EPS for the quarter was a loss of 2 cents.
The company reported a quarterly loss of $8.76 million.
Cronos Group Inc shares had fallen by 4.7% this quarter and gained 6.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 50% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and 1 "sell" or "strong sell."
The average consensus recommendation for the pharmaceuticals peer group is also "hold"
Wall Street's median 12-month price target for Cronos Group Inc is $2.75
This summary was machine generated from LSEG data August 8 at 04:04 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2024 | 0.00 | -0.02 | Missed |
Mar. 31 2024 | -0.01 | -0.01 | Met |
Dec. 31 2023 | -0.01 | -0.05 | Missed |
Sep. 30 2023 | -0.02 | 0.00 | Beat |
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