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.

Video Articles

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

Red White & Bloom: PI Initiates Coverage With $2.50 Price Target

This week, PI Financial initiated coverage on Red White & Bloom (CSE: RWB) with a...

Sunday, October 11, 2020, 01:53:00 PM

Tilray: Haywood Expects Canadian Market Share To Drop In First Quarter

Tilray Inc (TSX: TLRY) (NASDAQ: TLRY) announced that they would be reporting their Fiscal first-quarter...

Thursday, September 30, 2021, 10:38:00 AM

Lundin Mining Downgraded By Canaccord Due To Candelaria Mine Concerns

Lundin Mining Corporation (TSX: LUN) reported its second quarter financials on July 28. The company...

Friday, August 6, 2021, 11:54:00 AM

Coinbase: Canaccord Lifts Target To $342 After Q3 Results

On November 9th, Coinbase Global, Inc. (NASDAQ: COIN) announced its third quarter financial results. The...

Saturday, November 13, 2021, 04:27:00 PM

Haywood Slashes Pieridae Energy Price Target After LNG Project Goes Bust, CFO Leaves

On July 2, Pieridae Energy (TSX: PEA) announced that they would be effectively suspending their...

Saturday, July 10, 2021, 02:24:00 PM