CRONOS GROUP – CRON NASDAQ
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
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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.
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.
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.