What's In Store For Aurora Cannabis' (ACB) Q1 Earnings?
Zacks Investment Research | Nov 10, 2019 08:42PM ET
Aurora Cannabis Inc. (TSX:ACB) is scheduled to report first-quarter fiscal 2020 results on Nov 14, after market close. Encouraging prospects in the Canada and international markets are indicative of a solid first quarter.
Which Way Are Estimates Headed?
For the quarter to be reported, the Zacks Consensus Estimate for Aurora Cannabis’ bottom line stands at a loss of 3 cents. The same for revenues is pinned at $72.8 million, suggesting a substantial year-over-year rise of 220.7%.
Factors at Play
Aurora Cannabis is likely to have witnessed cannabis revenue growth across all market segments — Canadian Medical, Canadian Consumer and International Medical — in the third quarter. Higher production from company’s facilities like Aurora Sky, Bradford, Aurora Air and Polaris might have contributed to growth. With more stores added in recent times, management expects to see a solid first quarter.
Aurora Cannabis Inc. Price and EPS Surprise
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Carnival Corporation (NYSE:CCL) has an Earnings ESP of +11.11% and a Zacks Rank #3.
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