Roots (TSE:ROO) Rating Lowered to Sector Perform Under Weight at National Bank Financial

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National Bank Financial cut shares of Roots (TSE:ROO) from an outperfrom under weight rating to a sector perform under weight rating in a research report report published on Monday morning. National Bank Financial also issued estimates for Roots’ FY2020 earnings at $0.42 EPS and FY2021 earnings at $0.49 EPS.

Roots (TSE:ROO) last released its earnings results on Wednesday, June 12th. The company reported C($0.17) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.14) by C($0.03). The company had revenue of C$54.35 million during the quarter, compared to analysts’ expectations of C$55.55 million.

See Also: Understanding Price to Earnings Ratio (PE)

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