Cresco Labs's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Cresco Labs (OTC:CRLBF) is expected to report an EPS of $-0.02 in its upcoming quarterly earnings on March 13, 2024. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Cresco Labs has had a mixed earnings performance in the past, with the last quarter missing EPS estimates by $0.30, leading to a 1.56% drop in share price. Over the last year, shares have declined by 12.64%, indicating a bearish outlook among long-term shareholders.
March 12, 2024 | 2:01 pm
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Cresco Labs is anticipated to report a quarterly EPS of -$0.02. Past performance shows mixed results with a notable share price drop after last quarter's miss. Shares have decreased by 12.64% over the past year.
Given Cresco Labs' mixed earnings performance history and the recent downward trend in share price, the upcoming earnings report could maintain the current stock price level if it meets or exceeds expectations. However, the company's history of missing EPS estimates and the overall bearish sentiment among long-term shareholders suggest a cautious outlook. The emphasis on future guidance as a potential price mover is also critical.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100