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The results season continues but slows down. This week, retailers are starting to hurry, but another group has also regrouped its reports at the end of the campaign: the cannabis companies.
Four of the most popular cannabis stocks listed on the US stock market report earnings this week, including Aurora Cannabis who has already reported for the first time as a public company.
This makes this week one of the most exciting weeks of the results season.
How did they manage until now? And does Wall Street even care to meet, beat or miss?
3 stocks of cannabis to watch this week
1. Cronos Group (CRON – Free Report) will publish its second quarter as a public company. He beat only $ 0.01 last quarter. The Zacks consensus is looking for a loss of $ 0.02. Although analysts expect the company to lose $ 0.04 in 2018, current Zacon consensus estimates are looking for $ 0.15 in 2019.
2 Tilray (TLRY – Free Report) has reported only once since its publication in the United States. He missed $ 0.08 last quarter. The Zacks consensus calls for a loss of $ 0.14. Will another failure still matter to investors with this trendy stock?
3 Cover growth (GSC – Free Report) also missed last quarter. It has been trading in the United States for longer than the other two. Analysts expect the company to lose $ 0.41 in fiscal 2019 but earn $ 0.34 in fiscal year 2020. Can Canopy Growth's craze be justified?
More news on the stock: it's bigger than the iPhone!
He could become the mother of all technological revolutions. Apple has sold just 1 billion iPhones in 10 years, but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $ 1.7 trillion market.
Zacks has just released a special report that highlights this booming phenomenon and six tickers to take advantage of it. If you do not buy now, you can get started in 2020.
Click here for the 6 trades >>
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