Earnings Outlook For Cresco Labs
Portfolio Pulse from Benzinga Insights
Cresco Labs (OTC:CRLBF) is expected to release its quarterly earnings report on Wednesday, 2023-11-15, with analysts predicting an EPS of $-0.04. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Cresco Labs has had mixed earnings performance, with the last quarter missing EPS estimates by $0.08, but the stock price remained unchanged the following day. Over the past year, shares have declined by 54.29%, indicating a bearish sentiment among long-term shareholders ahead of the earnings release.
November 14, 2023 | 2:01 pm
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Cresco Labs is anticipated to report an EPS of $-0.04 for the quarter. Historical performance shows mixed results, with the stock price remaining stable after the last earnings miss. Long-term shareholders have seen a significant decline in stock value over the past year.
The expected EPS of $-0.04 indicates that Cresco Labs may continue to face challenges, but the stock price did not react to the last earnings miss, suggesting a potential neutral short-term impact. The long-term decline in stock price reflects bearish sentiment, but the immediate impact of the earnings report will depend on whether Cresco Labs can exceed expectations and provide positive guidance.
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