Aurora Cannabis Inc. (ACB) came out with a quarterly loss of $0.28 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to loss of…
$2.16 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -47.37%. A quarter ago, it was expected that this company would post a loss of $0.24 per share when it actually produced a loss of $0.64, delivering a surprise of -166.67%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Aurora Cannabis Inc.Which belongs to the Zacks Medical – Products industry, posted revenues of $51.93 million for the quarter ended December 2020, missing the Zacks Consensus Estimate by 4.99%. This compares to year-ago revenues of $42.45 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.
Aurora Cannabis Inc. Shares have added about 127.7% since the beginning of the year versus the S&P 500’s gain of 4.1%.
What’s Next for Aurora Cannabis Inc.
While Aurora Cannabis Inc. Has outperformed the market so far this year, the question that comes to investors’ minds is: what’s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company’s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between…
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