FY2024 Earnings Estimate for SNDL Issued By Atb Cap Markets

SNDL Inc. (NASDAQ:SNDL) – Analysts at Atb Cap Markets dropped their FY2024 earnings per share estimates for shares of SNDL in a research note issued to investors on Tuesday, November 5th. Atb Cap Markets analyst F. Gomes now expects that the company will post earnings per share of ($0.09) for the year, down from their prior forecast of ($0.08). The consensus estimate for SNDL’s current full-year earnings is ($0.08) per share. Atb Cap Markets also issued estimates for SNDL’s Q4 2024 earnings at ($0.01) EPS and FY2025 earnings at ($0.01) EPS.

Separately, Canaccord Genuity Group assumed coverage on SNDL in a research report on Wednesday, July 17th. They issued a “speculative buy” rating and a $3.25 price target for the company.

SNDL Stock Performance

NASDAQ:SNDL opened at $2.06 on Friday. The company has a quick ratio of 2.98, a current ratio of 4.34 and a debt-to-equity ratio of 0.10. SNDL has a 1-year low of $1.30 and a 1-year high of $2.93. The firm has a market capitalization of $342.00 million, a price-to-earnings ratio of -6.68 and a beta of 3.20. The stock has a fifty day simple moving average of $2.05 and a 200 day simple moving average of $2.11.

Institutional Investors Weigh In On SNDL

A number of institutional investors have recently bought and sold shares of the business. RMR Capital Management LLC acquired a new stake in SNDL during the 3rd quarter worth about $103,000. Vontobel Holding Ltd. raised its stake in shares of SNDL by 38.7% during the 3rd quarter. Vontobel Holding Ltd. now owns 159,914 shares of the company’s stock worth $329,000 after purchasing an additional 44,579 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of SNDL during the 3rd quarter worth about $33,000. Millennium Management LLC raised its stake in shares of SNDL by 138.7% during the 2nd quarter. Millennium Management LLC now owns 2,080,069 shares of the company’s stock worth $3,952,000 after purchasing an additional 1,208,556 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of SNDL during the 2nd quarter worth about $742,000.

About SNDL

SNDL Inc engages in the production, distribution, and sale of cannabis products in Canada. The company operates through Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments segments. It engages in the cultivation, distribution, and sale of cannabis for the adult-use and medical markets; sells wines, beers, and spirits through wholly owned liquor stores; and private sale of recreational cannabis through wholly owned and franchised retail cannabis stores.