A Preview Of Aurora Cannabis's Earnings
Portfolio Pulse from Benzinga Insights
Aurora Cannabis (NASDAQ:ACB) is scheduled to release its quarterly earnings report on February 8, 2024, with analysts expecting an EPS of $-0.01. The company's past earnings performance shows a mix of beats and misses, with the last quarter beating EPS estimates by $0.04, leading to a 5.62% increase in share price the following day. Shares are currently trading at $0.4, down 56.14% over the last 52 weeks. Investors are looking for positive guidance for the next quarter.
February 07, 2024 | 7:01 pm
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NEUTRAL IMPACT
Aurora Cannabis is expected to report an EPS of $-0.01 for the upcoming quarter. Historical data shows a positive share price movement following earnings beats. Currently, shares are significantly down over the past year.
Given ACB's mixed historical earnings performance and the current low share price, the upcoming earnings report could either slightly improve investor sentiment with a positive earnings beat and guidance, or further depress it with a miss. The significant year-over-year decline in share price indicates a bearish trend, but earnings surprises have historically led to short-term positive movements.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100