Brokers Offer Predictions for Aurora Cannabis Inc.’s Q2 2024 Earnings (TSE:ACB)
Aurora Cannabis Inc. (TSE:ACB – Get Rating) – Research analysts at Atb Cap Markets boosted their Q2 2024 earnings per share estimates for Aurora Cannabis in a research note issued to investors on Wednesday, June 14th. Atb Cap Markets analyst F. Gomes now expects that the company will post earnings per share of ($0.05) for the quarter, up from their previous estimate of ($0.06). The consensus estimate for Aurora Cannabis’ current full-year earnings is ($0.22) per share. Atb Cap Markets also issued estimates for Aurora Cannabis’ Q4 2024 earnings at ($0.03) EPS, FY2024 earnings at ($0.18) EPS and FY2025 earnings at ($0.12) EPS.
Aurora Cannabis (TSE:ACB – Get Rating) last announced its quarterly earnings data on Wednesday, June 14th. The company reported C($0.19) EPS for the quarter, missing analysts’ consensus estimates of C($0.05) by C($0.14). The firm had revenue of C$64.03 million during the quarter, compared to analyst estimates of C$64.18 million.
Other equities research analysts also recently issued research reports about the company. ATB Capital lowered their price objective on Aurora Cannabis from C$1.80 to C$1.50 in a research report on Thursday. CIBC lowered their price objective on Aurora Cannabis from C$1.75 to C$1.00 in a research report on Friday. Jefferies Financial Group lowered their price objective on Aurora Cannabis from C$1.80 to C$1.31 in a research report on Tuesday, February 28th. TD Securities lowered their price target on Aurora Cannabis from C$1.30 to C$1.00 in a research report on Friday. Finally, Canaccord Genuity Group lowered their price target on Aurora Cannabis from C$1.50 to C$0.80 in a research report on Thursday. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Aurora Cannabis presently has an average rating of “Hold” and an average target price of C$1.65.
Aurora Cannabis Price Performance
Shares of TSE:ACB opened at C$0.70 on Monday. The company has a market cap of C$238.69 million, a P/E ratio of -0.08 and a beta of 3.00. The company has a quick ratio of 2.48, a current ratio of 4.08 and a debt-to-equity ratio of 38.00. Aurora Cannabis has a 52 week low of C$0.66 and a 52 week high of C$2.49. The business has a fifty day simple moving average of C$0.79 and a 200-day simple moving average of C$1.08.
About Aurora Cannabis
(Get Rating)
Aurora Cannabis Inc, together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation. The company produces, distributes, and sells medical and consumer cannabis products in Canada.
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