Advertisement
Canada markets close in 1 hour 51 minutes

  • S&P/TSX

    21,988.23
    +102.85 (+0.47%)
     

  • S&P 500

    5,109.16
    +60.74 (+1.20%)
     

  • DOW

    38,322.76
    +236.96 (+0.62%)
     

  • CAD/USD

    0.7318
    -0.0005 (-0.07%)
     

  • CRUDE OIL

    83.82
    +0.25 (+0.30%)
     

  • Bitcoin CAD

    87,491.42
    -814.23 (-0.92%)
     

  • CMC Crypto 200

    1,332.70
    -63.83 (-4.57%)
     

  • GOLD FUTURES

    2,350.40
    +7.90 (+0.34%)
     

  • RUSSELL 2000

    2,004.56
    +23.45 (+1.18%)
     

  • 10-Yr Bond

    4.6750
    -0.0310 (-0.66%)
     

  • NASDAQ

    15,945.77
    +334.01 (+2.14%)
     

  • VOLATILITY

    15.09
    -0.28 (-1.82%)
     

  • FTSE

    8,139.83
    +60.97 (+0.75%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6839
    +0.0018 (+0.26%)
     
MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Latest stubborn U.S. inflation reading will bring about more 'wait and see' from the Fed

The Earnings Charts of 3 Top Cannabis Stocks

Tracey Ryniec
Updated

Earnings season continues onward but is slowing down. This week, we start to see the rush of retailers reporting but another group has also clustered its reports into the back end of earnings season: the cannabis companies.

Four of the most popular cannabis stocks that are publicly traded in the United States are reporting earnings this week, including Aurora Cannabis ACB which already reported for the first time as a public company.

That makes this week one of the more exciting earnings weeks of the earnings season.

How have they fared so far? And does Wall Street even care if they meet, beat or miss?

3 Cannabis Stocks to Watch This Week

1.    Cronos Group CRON is going to report its second quarter as a public company.  It beat by just $0.01 last quarter. The Zacks Consensus is looking for a loss of $0.02. While analysts expect the company to lose $0.04 in 2018 current Zacks Consensus Estimates are looking for $0.15 in 2019.
2.    Tilray TLRY has only reported one time since it was publicly listed in the US. It missed last quarter by $0.08. The Zacks Consensus is calling for a loss of $0.14. Will another miss even matter to investors with this hot stock?
3.    Canopy Growth CGC also missed last quarter. It has been trading in the US for longer than the other two. Analysts expect the company to lose $0.41 in fiscal 2019 but make $0.34 in fiscal 2020. Is Canopy Growth mania justified?

More Stock News: This Is Bigger than the iPhone!                  

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. 

Click here for the 6 trades >>
 


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Tilray, Inc. (TLRY) : Free Stock Analysis Report
 
Canopy Growth Corporation (CGC) : Free Stock Analysis Report
 
Cronos Group Inc. (CRON) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research