Cronos Group (TSX: CRON) announced that they will be reporting their second quarter financials before market open on August 6.
Analysts have a consensus C$9.48 12-month price target on the company, via a total of 12 analysts, with 2 analysts having buy ratings, 7 have hold ratings, 1 has a sell rating and 2 analysts have strong sell ratings. The street high comes from Raymond James with a C$14.44 price target, and the lowest target comes in at C$5.90.
9 analysts have revenue estimates for the second quarter. The mean between all 9 is C$15.57 million; this number has been revised slightly downwards from C$19.45 million at the start of the year. The street high is C$21.10 million while the lowest sits at C$14 million.
Three analysts have estimates for what this quarter’s gross profit margin will be. They expect the profit margin to come in at 9.23%, with this number being revised slightly downwards from 14.55% at the start of the year. Street high goes to Stifel-GMP with a 15% estimate and the lowest sits at 4%.
Onto EBITDA estimates, there are currently 6 analysts who have second quarter EBITDA estimates. The mean is currently (C$29.56) million, with this number being lower at the start of the year. Street high goes to MKM Partners with a (C$19.10) million EBITDA estimate and the lowest being a (C$36) 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.
