Cronos Group (CRON) Set to Announce Quarterly Earnings on Thursday

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

Cronos Group (NASDAQ:CRON) last issued its earnings results on Thursday, February 29th. The company reported ($0.05) earnings per share (EPS) for the quarter. Cronos Group had a negative net margin of 84.15% and a negative return on equity of 3.99%. The firm had revenue of $23.92 million during the quarter, compared to the consensus estimate of $25.15 million. 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 Performance

Shares of NASDAQ:CRON opened at $2.64 on Wednesday. Cronos Group has a 52-week low of $1.64 and a 52-week high of $2.99. The company has a market capitalization of $1.01 billion, a P/E ratio of -13.89 and a beta of 1.11. The company has a 50-day simple moving average of $2.42 and a 200 day simple moving average of $2.17.

Wall Street Analyst Weigh In

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

About Cronos Group

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.