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Cronos Group (CRON) Stock Sinks As Market Gains: What You Should Know

Zacks Equity Research
·2 min read

Cronos Group (CRON) closed the most recent trading day at $7.13, moving -0.7% from the previous trading session. This change lagged the S&P 500's 0.73% gain on the day. Meanwhile, the Dow gained 0.51%, and the Nasdaq, a tech-heavy index, added 1.34%.

Coming into today, shares of the cannabis company had lost 2.45% in the past month. In that same time, the Finance sector lost 2.32%, while the S&P 500 0%.

CRON will be looking to display strength as it nears its next earnings release, which is expected to be February 27, 2020. On that day, CRON is projected to report earnings of -$0.04 per share, which would represent year-over-year growth of 20%. Meanwhile, our latest consensus estimate is calling for revenue of $12.40 million, up 192.45% from the prior-year quarter.

Investors might also notice recent changes to analyst estimates for CRON. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

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Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 6.76% higher. CRON is currently a Zacks Rank #3 (Hold).

The Financial - Investment Management industry is part of the Finance sector. This group has a Zacks Industry Rank of 17, putting it in the top 7% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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