Earnings Outlook For Aurora Cannabis
Portfolio Pulse from Benzinga Insights
Aurora Cannabis (NASDAQ:ACB) is expected to report an EPS of $-0.01 in its upcoming quarterly earnings on February 8, 2024. Analysts and investors are looking for an earnings beat and positive guidance for the next quarter. The company's past earnings performance shows a mix of beats and misses, with the share price reacting accordingly. Currently, ACB shares are trading at $0.4, down 56.13% over the last 52 weeks, indicating a negative sentiment among long-term shareholders.
February 07, 2024 | 7:01 pm
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NEUTRAL IMPACT
Aurora Cannabis is anticipated to report an EPS of $-0.01 for the upcoming quarter, with investors hopeful for an earnings beat and positive future guidance.
The anticipation of Aurora Cannabis's earnings report and the expectation of an earnings beat and positive guidance could lead to short-term volatility in the stock price. However, given the company's mixed past performance and the current negative sentiment reflected in the 56.13% decline over the last 52 weeks, the short-term impact is assessed as neutral. Investors may remain cautious until actual results and future guidance are revealed.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100