Cronos Group (CRON) to Release Earnings on Thursday

Cronos Group (NASDAQ:CRON) is set to post its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect Cronos Group to post earnings of ($0.01) per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Cronos Group (NASDAQ:CRON) last announced its earnings results on Thursday, February 29th. The company reported ($0.05) earnings per share for the quarter. The business had revenue of $23.92 million during the quarter, compared to analysts’ expectations of $25.15 million. Cronos Group had a negative return on equity of 3.99% and a negative net margin of 84.15%. 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 Stock Down 0.4 %

CRON stock opened at $2.64 on Wednesday. The firm has a market cap of $1.01 billion, a PE ratio of -13.89 and a beta of 1.11. The business has a 50 day moving average of $2.42 and a 200-day moving average of $2.17. Cronos Group has a 12-month low of $1.64 and a 12-month high of $2.99.

Wall Street Analyst Weigh In

Separately, Bank of America raised their target price on Cronos Group from $2.00 to $2.50 and gave the company an “underperform” rating in a research report on Monday, April 8th.

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.