Cronos Group Q4 2023 Adj EPS $(0.19) Misses $(0.02) Estimate, Sales $23.91M Miss $25.31M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cronos Group reported Q4 2023 adjusted EPS of $(0.19), missing the $(0.02) estimate, with sales of $23.91M also missing the $25.31M estimate. This represents a 4.49% increase in sales compared to the same period last year.

February 29, 2024 | 1:11 pm
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NEGATIVE IMPACT
Cronos Group's Q4 2023 earnings and sales missed estimates, with adjusted EPS at $(0.19) and sales at $23.91M, indicating a potential negative short-term impact on its stock price.
Missing both earnings and sales estimates significantly, especially by 850% on the EPS front, typically leads to negative investor sentiment and could result in a short-term decrease in stock price. The fact that sales increased compared to last year might slightly mitigate the impact, but the miss on expectations is likely to dominate investor reactions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100