What's In The Cards For Aurora Cannabis (ACB) In Q1 Earnings?
Zacks Investment Research | Nov 12, 2019 07:41AM ET
Aurora Cannabis Inc. (TSX:ACB) is scheduled to release first-quarter fiscal 2020 results on Nov 14, after the opening bell.
Although the company has a negative average surprise of 33.3% in the trailing four quarters, it delivered a positive surprise of 100% in the last reported quarter.
Q1 Estimates
The Zacks Consensus Estimate for fiscal first-quarter earnings is pegged at a loss of 3 cents. The same for revenues is pegged at $72.8 million, indicating growth of 220.7% from the year-ago reported figure.
Factors to Influence Fiscal Q1
Increase in consumer market cannabis sales is likely to have driven the company’s cannabis net revenues in the fiscal first quarter. Increase in production from Aurora Sky and the company’s Bradford facility might have also contributed to the fiscal first-quarter performance (read more: Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.