Aurora Cannabis: Consensus Estimates Point To Flat Quarterly Growth

Aurora Cannabis (TSX: ACB) (NYSE: ACB) announced that they will be reporting their fiscal third quarter financials after market close on March 13th. Analysts have a consensus C$12.58 12-month price target on the company, via a total of 13 analysts, with seven analysts having hold ratings, four analysts having sell ratings and two analysts having strong sell ratings. The street high comes from Bryan Garnier with a C$20 price target, and the lowest target comes from Stifel with a C$7.80 price target.

Twelve analysts have revenue estimates for the third quarter. The mean between all 12 is C$68.94 million; this number has been revised downwards from C$75.24 million at the start of the year. Piper Sandler currently has the highest revenue estimate with C$74.50 million, while the lowest comes from Stifel with a C$60 million estimate.

Only five analysts have estimates for what this quarter’s gross profit margin will be. They expect the profit margin to come in at 43.90%, with this number being revised downwards from 47.55% at the start of the year. Street high goes to Cantor Fitzgerald with a 53% estimate and the lowest sits at 31.50%

Onto EBITDA estimates, there are currently 10 analysts who have third quarter EBITDA estimates. The mean is currently (C$10.30) million, with this number being down from C$1.76 million at the start of the year. Street high goes to MKM Partners with a $0 million EBITDA estimate and the lowest being from Needham & Co with a (C$13.61) million estimate.


Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

2026 Could Be Gold’s Biggest Year Yet!? | Ryan King – Equinox Gold

Gold Is Screaming Higher While Currencies Burn | Simon Ridgway – Rackla Metals

We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson -Antimony Resources

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Canaccord: “We Believe The Fundamentals Of Lundin Mining Remain Strong”

This morning, Cannacord Genuity reiterated their C$11 price target and Buy rating on Lundin Mining...

Friday, October 30, 2020, 01:49:00 PM

Tesla: Canaccord Bumps Price Target Up To $940 After AGM

Thursday night, on October 7th, Tesla (NASDAQ: TSLA) held their annual general meeting, where Elon...

Saturday, October 9, 2021, 01:06:00 PM

Canaccord: Ford’s Absence From Rivian-Mercedes Deal Is Telling

On September 8, Mercedes-Benz announced that they had signed a Memorandum of Understanding with Rivian...

Sunday, September 11, 2022, 11:12:00 AM

Vintage Wine Estates Sees Canaccord Initiate Coverage With $17.00 Price Target

It’s been a pretty busy month for Vintage Wine Estates (NASDAQ: VWE), a SPAC that...

Monday, June 21, 2021, 03:49:00 PM

SSR Mining: BMO Lowers Price Target Due To Rising Costs

On January 31st, SSR Mining Inc. (TSX: SSRM) announced full-year 2021 production, a three-year outlook,...

Friday, February 4, 2022, 04:21:00 PM