CubicFarm Systems Corp. to Post Q4 2022 Earnings of ($0.02) Per Share, Raymond James Forecasts (TSE:CUB)

CubicFarm Systems Corp. (TSE:CUBGet Rating) – Equities researchers at Raymond James upped their Q4 2022 earnings per share estimates for CubicFarm Systems in a report released on Wednesday, September 14th. Raymond James analyst S. Hansen now forecasts that the company will post earnings of ($0.02) per share for the quarter, up from their previous estimate of ($0.03). Raymond James currently has a “Market Perform” rating and a $0.50 target price on the stock. The consensus estimate for CubicFarm Systems’ current full-year earnings is ($0.07) per share. Raymond James also issued estimates for CubicFarm Systems’ FY2023 earnings at ($0.03) EPS.

A number of other equities research analysts also recently weighed in on CUB. Stifel Nicolaus downgraded CubicFarm Systems from a “speculative buy” rating to a “sell” rating in a research report on Monday, September 12th. Canaccord Genuity Group downgraded CubicFarm Systems from a “buy” rating to a “hold” rating and cut their target price for the stock from C$1.50 to C$0.25 in a research report on Monday, September 12th.

CubicFarm Systems Stock Performance

Shares of TSE CUB opened at C$0.15 on Friday. The company has a market cap of C$27.86 million and a PE ratio of -0.72. The company has a current ratio of 2.12, a quick ratio of 0.96 and a debt-to-equity ratio of 30.71. CubicFarm Systems has a 12-month low of C$0.14 and a 12-month high of C$1.70. The stock has a 50 day simple moving average of C$0.31 and a 200-day simple moving average of C$0.65.

CubicFarm Systems Company Profile

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CubicFarm Systems Corp. develops, manufactures, and sells cubic farming systems for farmers worldwide. The company offers CubicFarm System and CubicFarms' HydroGreen Grow System. Its systems help farmers to produce lettuce, basil, microgreens, nutraceutical ingredients, and animal feed. The company was formerly known as Forty Foot Farms Ltd.

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Earnings History and Estimates for CubicFarm Systems (TSE:CUB)

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