Hexo: Analysts Anticipate $34.4 Million In Q3 Revenues

Hexo Corp (TSX: HEXO) (NYSE: HEXO) announced that they will be reporting their fiscal third quarter financials before the market opens on June 14th.

Analysts have a consensus C$9.47 12-month price target on the company, via a total of 25 analysts, with three analysts having buy ratings, eight analysts have hold ratings and a single analyst has a strong sell rating. The street high comes from Alliance Global with a C$14 price target, and the lowest target comes from Bryan Garnier with a C$4 price target.

10 analysts have revenue estimates for the third quarter. The mean between all 10 is C$34.42 million; this number has been steady since the start of the year. The street high is C$36.90 million while the lowest sits at C$28.30 million.

Six analysts have estimates for what this quarter’s gross profit margin will be. They expect the profit margin to come in at 36.08%, with this number being flat since the start of the year. Street high goes to Stifel-GMP with a 37% estimate and the lowest sits at 35.1%.

Onto EBITDA estimates, there are currently 10 analysts who have third quarter EBITDA estimates. The mean is currently C$0.068 million, with this number being lower at the start of the year. Street high goes to Oppenheimer with a C$2.6 million EBITDA estimate and the lowest being a (C$2) 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.

Leave a Reply

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

First Majestic Posts Record Cash Flows In Q1 As Production Costs Fall

Brazil Potash Secures Funding In Support Of US$2.5 Billion Autozales Project

Related News

BMO Drops Kinross Gold’s Price Target On Messy Q1 Results

On Monday Kinross Gold (TSX: K) reported its first quarter financial results. The company saw...

Thursday, May 12, 2022, 12:24:00 PM

TerrAscend: Analysts Expect $57.4 Million In First Quarter Revenues

TerrAscend Corp (CSE: TER) announced that they will be reporting their first quarter financials before...

Tuesday, May 18, 2021, 02:43:00 PM

Haywood Lowers Tilray Price Target To $7.25

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

Wednesday, January 12, 2022, 04:37:00 PM

BMO Cuts Roger Communications’ Price Target After Boardroom Drama Flares Up

On October 8th, The Globe and Mail reported on the recent and abrupt departure of...

Sunday, October 17, 2021, 01:07:00 PM

Uranium Royalty Corp: Canaccord Lifts Price Target To $4.25

Uranium Royalty Corp (TSXV: URC) recently closed their C$37 million financing, allowing Canaccord Genuity to...

Saturday, May 22, 2021, 02:04:00 PM