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

Cresco Labs (OTCMKTS:CRLBF) is projected to announce its results before the market opens on Friday, November 6th. Analysts expect the company to announce earnings of ($0.02) per share and revenue of $173.66 million for the quarter.

Cresco Labs (OTCMKTS:CRLBF) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.06. The company had revenue of $173.34 million during the quarter, compared to the consensus estimate of $166.20 million. Cresco Labs had a negative return on equity of 7.53% and a negative net margin of 15.50%. On average, analysts expect Cresco Labs to post ($0.04) EPS for the current fiscal year and ($0.02) EPS for the next fiscal year.

Cresco Labs Trading Up 4.5%

Shares of OTCMKTS:CRLBF opened at $0.63 on Wednesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.98 and a current ratio of 1.78. Cresco Labs has a twelve month low of $0.55 and a twelve month high of $2.30. The firm has a 50 day simple moving average of $0.69 and a 200-day simple moving average of $0.86.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Zacks Research raised shares of Cresco Labs from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. Alliance Global Partners reaffirmed a “buy” rating on shares of Cresco Labs in a research note on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat, Cresco Labs presently has an average rating of “Strong Buy”.

Cresco Labs Company Profile

Cresco Labs Inc is a Chicago-based cannabis company that cultivates, manufactures and distributes cannabis products in the United States. Founded in 2013, the company operates as a multistate cannabis operator, serving regulated markets through a combination of wholesale operations and retail dispensaries.

The company’s product portfolio includes flower, pre-rolls, vape products, concentrates, edibles and other cannabis-related goods. Its principal brands have included Cresco, High Supply, Good News, Wonder Wellness, FloraCal Farms and Mindy’s Edibles.