Cronos Group (CRON) closed at $11.28 in the latest trading session, marking a -0.88% move from the prior day. This change was narrower than the S&P 500's daily loss of 1.91%. Meanwhile, the Dow lost 2.02%, and the Nasdaq, a tech-heavy index, lost 2.26%.
Heading into today, shares of the cannabis company had gained 32.48% over the past month, outpacing the Finance sector's loss of 5.02% and the S&P 500's loss of 2.51% in that time.
CRON will be looking to display strength as it nears its next earnings release, which is expected to be April 29, 2019. In that report, analysts expect CRON to post earnings of -$0.01 per share. This would mark a year-over-year decline of 200%. Meanwhile, our latest consensus estimate is calling for revenue of $7.46 million, up 487.4% from the prior-year quarter.
CRON's full-year Zacks Consensus Estimates are calling for earnings of -$0.04 per share and revenue of $14.29 million. These results would represent year-over-year changes of -500% and +348.65%, respectively.
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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. CRON currently has a Zacks Rank of #4 (Sell).
The Financial - Investment Management industry is part of the Finance sector. This group has a Zacks Industry Rank of 150, putting it in the bottom 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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