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Cronos Group (CRON) Stock Moves -0.49%: What You Should Know
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Cronos Group (CRON - Free Report) closed the most recent trading day at $8.20, moving -0.49% from the previous trading session. This change was narrower than the S&P 500's 1.82% loss on the day. Elsewhere, the Dow lost 2.21%, while the tech-heavy Nasdaq lost 1.7%.
Prior to today's trading, shares of the cannabis company had lost 3.29% over the past month. This has lagged the Finance sector's gain of 0.37% and the S&P 500's loss of 2.57% in that time.
Wall Street will be looking for positivity from CRON as it approaches its next earnings report date. This 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, the Zacks Consensus Estimate for revenue is projecting net sales of $7.46 million, up 487.4% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.04 per share and revenue of $14.29 million. These totals would mark changes of -500% and +348.65%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for CRON. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 has moved 166.67% lower. CRON is currently sporting a Zacks Rank of #3 (Hold).
The Financial - Investment Management industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 150, which puts 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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Cronos Group (CRON) Stock Moves -0.49%: What You Should Know
Cronos Group (CRON - Free Report) closed the most recent trading day at $8.20, moving -0.49% from the previous trading session. This change was narrower than the S&P 500's 1.82% loss on the day. Elsewhere, the Dow lost 2.21%, while the tech-heavy Nasdaq lost 1.7%.
Prior to today's trading, shares of the cannabis company had lost 3.29% over the past month. This has lagged the Finance sector's gain of 0.37% and the S&P 500's loss of 2.57% in that time.
Wall Street will be looking for positivity from CRON as it approaches its next earnings report date. This 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, the Zacks Consensus Estimate for revenue is projecting net sales of $7.46 million, up 487.4% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.04 per share and revenue of $14.29 million. These totals would mark changes of -500% and +348.65%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for CRON. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 has moved 166.67% lower. CRON is currently sporting a Zacks Rank of #3 (Hold).
The Financial - Investment Management industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 150, which puts 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.