Cronos Group (CRON) to Release Quarterly Earnings on Thursday

Cronos Group (NASDAQ:CRON) will release its earnings data before the market opens on Thursday, August 8th. Analysts expect Cronos Group to post earnings of $0.00 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Cronos Group (NASDAQ:CRON) last announced its earnings results on Thursday, May 9th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). The firm had revenue of $25.29 million during the quarter, compared to analysts’ expectations of $24.30 million. Cronos Group had a negative return on equity of 3.06% and a negative net margin of 61.31%. During the same quarter in the previous year, the business earned ($0.03) EPS. On average, analysts expect Cronos Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Cronos Group Stock Performance

NASDAQ CRON opened at $2.25 on Wednesday. The company has a market cap of $860.13 million, a P/E ratio of -15.00 and a beta of 1.00. The business’s 50 day moving average price is $2.39 and its 200-day moving average price is $2.39. Cronos Group has a fifty-two week low of $1.64 and a fifty-two week high of $3.14.

Analyst Ratings Changes

Separately, CIBC boosted their price objective on shares of Cronos Group from $3.00 to $3.50 and gave the company an “outperformer” rating in a research report on Wednesday, May 15th.

Cronos Group Company Profile

Cronos Group Inc operates as a cannabinoid company that engages in the cultivation, production and marketing of cannabis products in Canada, Israel, and Germany. It offers dried flower, pre-rolls, oils, vaporizers, edibles, and cannabis tinctures under the Spinach, Lord Jones, and PEACE NATURALS brands.