Greenlane Renewables Inc. (TSE:GRN) Expected to Earn Q1 2022 Earnings of $0.00 Per Share

Greenlane Renewables Inc. (TSE:GRNGet Rating) – Equities researchers at Raymond James lowered their Q1 2022 earnings per share (EPS) estimates for shares of Greenlane Renewables in a report issued on Thursday, April 28th. Raymond James analyst D. Quezada now expects that the company will post earnings per share of $0.00 for the quarter, down from their previous forecast of $0.02. Raymond James has a “Strong” rating and a $3.00 price objective on the stock. Raymond James also issued estimates for Greenlane Renewables’ Q2 2022 earnings at $0.00 EPS, Q4 2022 earnings at ($0.01) EPS and FY2022 earnings at $0.00 EPS.

TSE:GRN opened at C$0.97 on Friday. The firm has a market cap of C$145.79 million and a P/E ratio of -57.06. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.62 and a current ratio of 2.78. Greenlane Renewables has a fifty-two week low of C$0.88 and a fifty-two week high of C$1.90. The firm has a 50-day simple moving average of C$1.06 and a two-hundred day simple moving average of C$1.22.

Greenlane Renewables (TSE:GRNGet Rating) last issued its quarterly earnings results on Thursday, March 10th. The company reported C($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.01 by C($0.02). The company had revenue of C$17.12 million for the quarter, compared to the consensus estimate of C$13.14 million.

Greenlane Renewables Company Profile (Get Rating)

Greenlane Renewables Inc designs, develops, sells, and services a range of biogas upgrading systems worldwide. The company's systems remove impurities and separate carbon dioxide from biomethane in the raw biogas created from anaerobic decomposition of organic waste at landfills, wastewater treatment plants, and farms and for injection food waste facilities into the natural gas grid or for direct use as vehicle fuel.

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Earnings History and Estimates for Greenlane Renewables (TSE:GRN)

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