Cresco Labs (CRLBF) Expected to Announce Quarterly Earnings on Friday

Cresco Labs (OTCMKTS:CRLBF) is anticipated to post its quarterly earnings results before the market opens on Friday, March 21st. Analysts expect Cresco Labs to post earnings of ($0.02) per share for the quarter.

Cresco Labs (OTCMKTS:CRLBF) last announced its quarterly earnings results on Friday, March 14th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). Cresco Labs had a negative return on equity of 16.52% and a negative net margin of 9.15%. The business had revenue of $176.00 million for the quarter, compared to analyst estimates of $172.10 million. On average, analysts expect Cresco Labs to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Cresco Labs Stock Performance

Cresco Labs stock opened at $0.72 on Thursday. The firm has a market capitalization of $349.02 million, a P/E ratio of -3.58 and a beta of 1.79. The stock has a fifty day moving average price of $0.87 and a two-hundred day moving average price of $1.18. Cresco Labs has a 52-week low of $0.70 and a 52-week high of $2.60. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.97 and a quick ratio of 1.39.

Analyst Ratings Changes

A number of research firms have recently issued reports on CRLBF. Cormark upgraded shares of Cresco Labs from a “hold” rating to a “moderate buy” rating in a research note on Monday. Atb Cap Markets downgraded Cresco Labs from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $3.00.

About Cresco Labs

Cresco Labs Inc, together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. It provides cannabis in flowers, vape pens, live resins, disposable pens, and extracts under the Cresco brand; vape carts, vape pens, flower, popcorn, shake, pre-rolls, shorties, and concentrates under the High Supply brand; vapes and gummies under the Good News brand; vapes and edibles under the Wonder Wellness Co brand; and tinctures, capsules, salves, and sublingual oils under the Remedi brand.