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The Cronos group (CRON) closed at $ 21.14 during the last trading session, marking a -1.08% increase compared to the previous day. This change was lower than the 0.7% gain of the S & P 500 over the day. At the same time, the Dow gained 0.58% and the Nasdaq, an important technology index, 0.69%.
Prior to trading today, the shares of the cannabis producing company had gained 8.64% over the past month. This exceeded the financial sector gain by 0.56% and the S & P 500 by 1.95% over this period.
Wall Street will look for CRON's positivity as it approaches the next publication date of its results. This should be March 26, 2019. That day, CRON should report a profit of – $ 0.02 per share, which would represent a drop of one year on the other by 300%. At the same time, our latest consensus estimates are for sales of $ 6.70 million, up 427.56% from the same quarter last year.
Investors should also take note of any recent changes in analysts' estimates for CRON. Recent revisions tend to reflect the latest short-term business trends. As a result, we can interpret the revisions of positive estimates as a positive sign of the company's business outlook.
Based on our research, we believe that these revisions are directly related to stock movements near the teams. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes into account these estimation changes and provides a clear and usable scoring model.
The Zacks ranking system, which ranges from # 1 (strong buy) to # 5 (strong sell), has an impressive history of unaudited outperformance, with # 1 stocks generating an average annual return of + 25% since 1988. Over the last month, Zacks EPS consensus estimate decreased by 52.38%. CRON is currently ranked 3 in the Zacks (pending).
Investors should also take note of CRON's current valuation parameters, including their P / E ratio of 427.4. This valuation marks a premium compared to the average P / E of its sector, of 10.91.
The financial sector – investment management is part of the finance sector. The Zacks ranking of this industry is currently 102, which places it in the top 40% of over 250 industries.
The Zacks Industry Ranking measures the strength of our industry groups by measuring the average Zacks ranking of individual actions within groups. Our research shows that the 50% of the top rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all these measures, and much more, on Zacks.com.
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Cronos Group Inc. (CRON): Free Stock Analysis Report
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Do you want to know the latest Zacks Investment Research recommendations? Today, you can download 7 best actions for the next 30 days. Click to get this free report
Cronos Group Inc. (CRON): Free Stock Analysis Report
To read this article on Zacks.com, click here.
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