Cresco Labs (OTC:CRLBF) is set to give its latest quarterly earnings report on Friday, 2024-11-08. Here's what investors need to know before the announcement.
Analysts estimate that Cresco Labs will report an earnings per share (EPS) of $0.01.
The market awaits Cresco Labs's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Performance in Previous Earnings
During the last quarter, the company reported an EPS missed by $0.14, leading to a 3.96% drop in the share price on the subsequent day.
Here's a look at Cresco Labs's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.02 | -0.02 | -0.02 | -0.04 |
| EPS Actual | -0.16 | -0.02 | 0.01 | -0.34 |
| Price Change % | -4.0% | 6.0% | -6.0% | -2.0% |
Cresco Labs Share Price Analysis
Shares of Cresco Labs were trading at $1.145 as of November 06. Over the last 52-week period, shares are down 15.08%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.
To track all earnings releases for Cresco Labs visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
