Earnings Preview For IM Cannabis
Portfolio Pulse from Benzinga Insights
IM Cannabis (NASDAQ:IMCC) is scheduled to release its quarterly earnings report on Monday, 2023-11-13, with analysts expecting an EPS of $-0.21. Investors are looking for an earnings beat and positive guidance for future growth. The company's past earnings performance shows a mix of misses and beats, with varying impacts on the stock price. Shares are currently trading at $0.4707, down 88.41% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.
November 10, 2023 | 7:02 pm
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NEUTRAL IMPACT
IM Cannabis is expected to report an EPS of $-0.21 for the latest quarter. Historical performance shows mixed results post-earnings, with the stock price reacting variably. Currently trading at $0.4707, the stock has seen a significant decline over the past year.
The expected EPS of $-0.21 sets a cautious tone for IMCC's earnings report. Historical data shows that the stock's reaction to earnings can be unpredictable. The significant year-over-year decline in stock price reflects a bearish sentiment, but the actual impact of the earnings report will depend on whether IMCC beats or misses expectations and the forward guidance provided.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 100