The Good and the Bad News for Aurora Cannabis (ACB) Stock

Let’s start with the bad news. Canadian pot stock Aurora Cannabis (ACB) dropped Wednesday as investors reacted to a third quarter earnings report showing weaker than expected sales, and a greater than expected EBITDA loss for the quarter. Aurora booked $65.1 million in sales during the quarter, and incurred an “adjusted EBITDA” loss of $36.6 million. The company did not even bother reporting the size of its net loss for the quarter as calculated under GAAP — so you know it had to be pretty bad.

The good news is that, once analysts got through opining on the quarter yesterday, investors were ready to chalk it up as a win. (And Aurora Cannabis closed trading Thursday up 2.4%).

Seaport Global’s report is instructive. Calling Aurora’s quarter a “slight sales miss (actually, Aurora missed Seaport’s sales estimate of $71.3 million by nearly 9%), Seaport analyst Brett Hundley urged investors

... read more at: https://www.smarteranalyst.com/cannabis-stock/ratings/the-good-and-the-bad-news-for-aurora-cannabis-acb-stock/

The Good and the Bad News for Aurora Cannabis (ACB) Stock

Let’s start with the bad news. Canadian pot stock Aurora Cannabis (ACB) dropped Wednesday as investors reacted to a third quarter earnings report showing weaker than expected sales, and a greater than expected EBITDA loss for the quarter. Aurora booked $65.1 million in sales during the quarter, and incurred an “adjusted EBITDA” loss of $36.6 million. The company did not even bother reporting the size of its net loss for the quarter as calculated under GAAP — so you know it had to be pretty bad.

The good news is that, once analysts got through opining on the quarter yesterday, investors were ready to chalk it up as a win. (And Aurora Cannabis closed trading Thursday up 2.4%).

Seaport Global’s report is instructive. Calling Aurora’s quarter a “slight sales miss (actually, Aurora missed Seaport’s sales estimate of $71.3 million by nearly 9%), Seaport analyst Brett Hundley urged investors

... read more at: https://www.smarteranalyst.com/cannabis-stock/ratings/the-good-and-the-bad-news-for-aurora-cannabis-acb-stock/