SNDL (SNDL) Set to Announce Earnings on Tuesday

SNDL (NASDAQ:SNDL) will issue its quarterly earnings data before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

SNDL (NASDAQ:SNDL) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. The firm had revenue of $166.73 million for the quarter, compared to analysts’ expectations of $175.76 million. SNDL had a negative return on equity of 8.30% and a negative net margin of 12.36%. During the same period in the previous year, the firm posted ($0.08) EPS. On average, analysts expect SNDL to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

SNDL Stock Performance

Shares of NASDAQ:SNDL opened at $2.21 on Tuesday. SNDL has a 12-month low of $1.30 and a 12-month high of $2.93. The stock has a fifty day simple moving average of $2.04 and a two-hundred day simple moving average of $2.10. The company has a current ratio of 4.34, a quick ratio of 2.98 and a debt-to-equity ratio of 0.10.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group started coverage on shares of SNDL in a research report on Wednesday, July 17th. They set a “speculative buy” rating and a $3.25 price objective on the stock.

About SNDL

SNDL Inc engages in the production, distribution, and sale of cannabis products in Canada. The company operates through Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments segments. It engages in the cultivation, distribution, and sale of cannabis for the adult-use and medical markets; sells wines, beers, and spirits through wholly owned liquor stores; and private sale of recreational cannabis through wholly owned and franchised retail cannabis stores.