19 Mar

What to Expect from CannTrust’s Q4 Earnings

WRITTEN BY Adam Jones

Fourth-quarter earnings

CannTrust (CTST) announced that it’s scheduled to report its fourth-quarter earnings on March 28 before the market opens. The company will have an earnings call on the same day. CannTrust was recently up listed on the NYSE on February 25. The stock has seen a lot of movement and more attention from investment firms. We’ll discuss analysts’ estimate for the company’s fourth-quarter earnings.

What to Expect from CannTrust’s Q4 Earnings

Sales estimates

As of March 18, analysts expect significant growth in CannTrust’s sales in the fourth quarter. The company is estimated to report sales of 20.7 million Canadian dollars, which will likely grow almost 197% year-over-year from 6.9 million Canadian dollars in the fourth quarter of 2017. The company’s revenues are estimated to grow 65% sequentially.

CannTrust’s peers (MJ) including Canopy Growth (WEED), Aphria (APHA), and HEXO (HEXO) reported significant growth in their recent quarterly revenues due to the legalization of recreational cannabis in Canada.

In the fourth quarter, we’ll have to see CannTrust’s sales and prices. These two drivers will likely be a key focus to gauge CannTrust’s future position among its peers.

Next, we’ll discuss CannTrust’s profitability expectations.

Latest articles

Yum! Brands (YUM) is set to report its first-quarter earnings before the market opens on May 1.

Merchant power player NRG Energy (NRG) is slated to report its first-quarter earnings on May 2. According to consensus estimates, NRG will report earnings of $0.56 per share for the quarter, which ended on March 31.

Fortinet (FTNT) is scheduled to announce its first-quarter results on May 2.

AK Steel (AKS) is scheduled to release its first-quarter earnings on April 29 after the markets close. The company is to hold its earnings call on April 30.

Apple (AAPL) is scheduled to release its second quarter of fiscal 2019 results on April 30 after markets close.

25 Apr

Why Clorox Stock Is Underperforming Peers

WRITTEN BY Adrian Stevens

Clorox (CLX) stock was trading flat on a year-to-date basis as of April 24, and it has underperformed the broader markets as well as its peers.