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

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

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

Raymond James Calls Indiva 75% Undervalued, Gives 243% Upside Target

This week, Raymond James initiated coverage on Indiva Limited (TSXV: NDVA) with a $1.75 price...

Thursday, September 9, 2021, 03:42:00 PM

Tilray: Canaccord Cuts Price Target To $9.00

On January 10th, Tilray Inc (TSX: TLRY) reported their fiscal second-quarter financial results, the company...

Tuesday, January 11, 2022, 04:22:00 PM

Raymond James: 7% Mortgage Rates Are The Breaking Point

It looks as if Raymond James is the first investment bank to throw in the...

Tuesday, October 25, 2022, 03:56:00 PM

BMO: HSBC Canada Acquisition By Big 6 Would Be “Accretive To Safety And Soundness Of The Banking System In Canada.”

Earlier this month, it was reported that HSBC (NYSE: HSBC) was exploring the sale of...

Sunday, October 16, 2022, 11:14:00 AM

Meta Platforms: BMO Calls The Bottom, Saying “Sell-Off Feels Overdone”

Meta Platforms (NASDAQ: FB), which is reporting its first-quarter results on April 27, is just...

Monday, April 25, 2022, 04:22:00 PM