Aurora Cannabis is not expected to deliver an upside surprise when it reports its third-quarter financial results before the market open on Wednesday, June 14, 2023.
Analysts, on average, expect the cannabis company to post a loss per share of $0.05 on revenue of $48.68 million, representing 22.3% year-over-year revenue growth, per Earnings Whisper.
“Investors are bearish going into the company's earnings release but with 49.5% expecting a beat,” according to Earnings Whisper.
“Overall earnings estimates have been revised higher since the company's last earnings release and the stock has averaged a 7.2% move in recent quarters.”
The company will also be reporting its fiscal year 2023 results, comprising three quarters ending March 31, 2023, before the opening bell on Wednesday.
Ahead of its earnings, Aurora Cannabis shares were trading at about US$0.56 at noon on Tuesday.
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