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 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 – Free Report) 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 – Free Report) 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 – Free Report) 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?
