In the latest trading session, Cronos Group (CRON - Free Report) closed at $17.69, marking a +0.71% move from the previous day. This move outpaced the S&P 500's daily loss of 0.61%. At the same time, the Dow lost 0.72%, and the tech-heavy Nasdaq lost 0.56%.
Heading into today, shares of the cannabis company had lost 16.06% over the past month, lagging the Finance sector's gain of 3.2% and the S&P 500's gain of 5.68% in that time.
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, down 200% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.90 million, up 110.3% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.01 per share and revenue of $53.56 million. These totals would mark changes of +112.5% and +343.41%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for CRON. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 73.33% lower. CRON is holding a Zacks Rank of #4 (Sell) right now.
Investors should also note CRON's current valuation metrics, including its Forward P/E ratio of 1317. Its industry sports an average Forward P/E of 12.08, so we one might conclude that CRON is trading at a premium comparatively.
The Financial - Investment Management industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 54, which puts it in the top 22% 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.
To follow CRON in the coming trading sessions, be sure to utilize Zacks.com.