Cronos Group (CRON) Set to Announce Earnings on Thursday

Cronos Group (NASDAQ:CRON) will be announcing its earnings results before the market opens on Thursday, August 8th. Analysts expect the company to announce earnings of $0.00 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Cronos Group (NASDAQ:CRON) last posted its earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). Cronos Group had a negative net margin of 61.31% and a negative return on equity of 3.06%. The business had revenue of $25.29 million for the quarter, compared to analyst estimates of $24.30 million. During the same quarter in the prior year, the firm posted ($0.03) EPS. On average, analysts expect Cronos Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Cronos Group Price Performance

CRON opened at $2.25 on Wednesday. The firm has a market capitalization of $860.13 million, a P/E ratio of -15.00 and a beta of 1.00. Cronos Group has a one year low of $1.64 and a one year high of $3.14. The company has a fifty day moving average price of $2.39 and a 200-day moving average price of $2.39.

Analysts Set New Price Targets

Separately, CIBC upped their target price on Cronos Group from $3.00 to $3.50 and gave the stock an “outperformer” rating in a research note on Wednesday, May 15th.

Cronos Group Company Profile

Cronos Group Inc operates as a cannabinoid company that engages in the cultivation, production and marketing of cannabis products in Canada, Israel, and Germany. It offers dried flower, pre-rolls, oils, vaporizers, edibles, and cannabis tinctures under the Spinach, Lord Jones, and PEACE NATURALS brands.