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 market open on March 19th. Analysts have a consensus C$19.13 12-month price target on the company, via a total of 9 analysts, with two analysts having a strong buy rating and the other seven having buy ratings. The street high comes from Stifel-GMP with a C$24 price target, and the lowest target comes from Beacon with a C$16 price target.

Seven analysts have revenue estimates for the first quarter. The mean between all 7 is C$57.41 million; this number has been revised downwards from C$74.25 million at the start of the year. Stifel-GMP currently has the highest revenue estimate with C$72.13 million, while the lowest comes from Beacon with a C$52 million estimate.

Six analysts has estimates for what this quarter’s gross profit margin will be. They expect the profit margin to come in at 60.37%, with this number basically staying flat year to date. Street high goes to Stifel-GMP with a 65% estimate and the lowest sits at 58.50%.

Onto EBITDA estimates, there are currently only six analysts who have first quarter EBITDA estimates. The mean is currently C$22.93 million, with this number being lower than at the start of the year. Street high goes to Stifel-GMP with a C$28.75 million EBITDA estimate and the lowest being from Beacon with a C$20 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.

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