Mask Negate (CGC) (WEED) is scheduled to thunder its results for the first quarter of fiscal 2020 after the market closes on Wednesday. The corporate’s management will habits a convention name to focus on results at 8:30 AM ET on Thursday.
Mask Negate stock in 2019
To this level, the stock has been performing effectively this year. Mask Negate stock has risen 27.2% YTD (year-to-date). Cronos Personnel (CRON) has obtained 27.8%, while Aurora Cannabis (ACB) has obtained 22.three% YTD.
This week has been thrilling for hashish stocks. Significant hashish gamers maintain reported their earnings. The stocks maintain risen as a result of impressive results. To know more, read IIPR, CRON, TLRY Surging: A Correct Day for Cannabis Stocks.
For the first quarter of 2020, analysts put a query to Mask Negate’s sales to upward thrust 30.three% sequentially to 122 million Canadian dollars from ninety four million Canadian dollars. Particularly, they put a query to the corporate’s immoral margin to develop sequentially from 15.9% from 34.Zero%. Analysts put a query to the corporate’s loss per portion to reinforce sequentially to Zero.fifty 9 Canadian dollars from Zero.Ninety eight Canadian dollars. Expansion prices will seemingly force the loss. There is generally some leadership updates in Mask Negate’s earnings name as a result of Bruce Linton’s departure. Analysts put a query to Aurora Cannabis’s (ACB) revenues to upward thrust in the upcoming quarter to 108 million Canadian dollars. Aurora Cannabis is scheduled to document its earnings for the fourth-quarter of 2019 subsequent month.
To be taught more about Mask Negate’s earnings, read Mask Negate’s Earnings: 5 Things to Scrutinize For.
Mask Negate’s stock designate efficiency
To this level, Mask Negate has risen four.7% this month. Tilray (TLRY) has risen 12.7% in August. Aurora Cannabis (ACB), Aphria (APHA), and HEXO (HEXO) maintain risen 6.7%, 27.6%, sixteen.three% and 20.1% in August. In distinction, CannTrust (CTST) has fallen 5.1% in August as a result of violating rules.
Currently, handiest two analysts quilt Mask Negate. In accordance with records from Reuters, one analyst suggested a “solid-steal” for the next 300 and sixty five days, while one suggested a “aid.” Mask Negate’s stock forecast reveals the target designate dwelling at $forty six.5, which represents a 36% upside doable for the stock. As of the shut on Tuesday, Mask Negate’s stock designate is $34.2.
Cronos Personnel reported impressive second-quarter earnings results last week. Overall, the outcomes drove the stock designate larger. No longer too long prior to now, Jim Cramer, the host of CNBC’s Mad Money, liked Cronos Personnel and Mask Negate over diverse hashish stocks. Read Why Jim Cramer Favors CRON and CGC to be taught more.
Aurora Cannabis (ACB) is scheduled to document its results for the fourth quarter of 2019 subsequent month. The stock rose 1.5% on Tuesday. To this level, the stock has risen 34.1% YTD. Cresco Labs is scheduled to document its second-quarter earnings results on August 21. The stock trades on the Canadian Stock Alternate under the ticker “CL.” The stock rose 17.Zero% on Tuesday. The corporate got acclaim for the Recent York marijuana license deal, which drove the stock. To this level, Cresco Labs has risen 32.four% YTD.
On August 8, Innovative Industrial Properties (IIPR) reported solid results for the second quarter of 2019. The stock rose 7.8% on Tuesday. To this level, Innovative Industrial Properties has returned 136.6% YTD.
To be taught more, read IIPR’s Q2 Earnings Call: Key Takeaways for Investors and Why IIPR’s Q2 Earnings Came in Solid.
Build tuned for more insights into Mask Negate’s efficiency in the first quarter of 2020. We’ll provide key takeaways from the corporate’s earnings name.