CRONOS GROUP - CRON NASDAQ
STRONG BUY
Industry Rank of 76 - Top 30%
| Consumer
innovation and branding is the strength of this stock.
Packaged goods is a $250 Billion industry and Cronos is
leading the pack . This stock is building a solid base at
current levels and we expect an upside test of the $12 level
then retesting $15. Three analysts rate CRON a strong BUY Jim Cramer chats with CEO Mike Gorenstein, who explains how the marijuana company plans to launch current and future products. Aurora Cannabis Hits Wall With Rev Miss - Wall St Hits Stock CRONOS MARIJUANA ETF
NYSE Canopy Growth - Analyst Says BUY - Aphria Soars On 960% Rev Growth - Investors Step In - Strength Comes From Next Earnings Report - ZACKS REPORT Investors will be hoping for strength from CRON as it approaches its next earnings release. The company is expected to report EPS of -$0.03, unchanged from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $10.44 million, up 262.57% from the prior-year quarter. Puration (PURA OTC) Executes Its Business Model to Perfection Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.07 per share and revenue of $41.44 million. These totals would mark changes of +12.5% and +243.07%, respectively, from last year. Drones Are Coming - UPS Gets FAA Approval Investors might also notice recent changes to analyst estimates for CRON. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. CRON is currently a Zacks Rank #3 (Hold). The Financial - Investment Management industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 76, which puts it in the top 30% of all 250+ industries.
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