Aurora Cannabis Inc <ACB.TO>: Losses of 17  cents announced for first quarter

Follow us on Google News:
 Aurora Cannabis Inc <ACB.TO>: Losses of 17  cents announced for first quarter
Image source: ©2022 Kalkine Media®

11 November 2022 02:44 a.m. ​All figures in Canadian dollars. The loss announced by Aurora Cannabis Inc in the first quarter were lower than the Refinitiv mean estimate of losses. The company reported losses of -17 cents per share, 11 cents lower than the same quarter last year when the company reported EPS of -6 cents. Losses of -12 cents per share were anticipated by the six analysts providing estimates for the quarter. Wall Street expected results to range from -15 cents to -10 cents per share, with a forecasted mean of -12 cents per share. The company reported revenue of C$49.26 million, which is lower than the estimated C$52.56 million. RECOMMENDATIONS * The consensus recommendation for the company is "Hold". * The average consensus recommendation for the pharmaceuticals peer group is also "Hold". FORECAST CHANGES * Eight analysts are currently providing Refinitiv with estimates. * In the last week one analyst has revised an earnings estimate upward and there have been no negative earnings revisions. There was a gain of one new estimate. YEAR OVER YEAR * The company reported a fall in revenue to C$49.26 million from C$60.11 million in the same quarter last year.​ * Previous quarterly performance (using earnings preferred measure) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Jun. 30 2022 -0.20​ 0.00 Beat Mar. 31 2022 -0.24 -4.72 Missed Dec. 31 2021 -0.26 -0.38 Missed​ Sep. 30 2021 -0.26 -0.06 Beat This summary was machine generated from Refinitiv data November 11 at 02:44 a.m.


The above content is directly sourced from Reuters under a contractual arrangement. The content is being provided as a convenience and for informational purposes only; and does not constitute an endorsement or approval by Kalkine Media of any of the products, services, or opinions of the organization or individual. The user is apprised that Kalkine Media bears no responsibility for the accuracy, legality, or content of Reuters, any external sites, or for that of subsequent links. The user is requested to contact Reuters directly for answers to questions regarding the content. Please note that Kalkine Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Featured Articles

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK