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SNDL (NASDAQ:SNDL) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

SNDL logo with Medical background

SNDL (NASDAQ:SNDL - Get Free Report) released its quarterly earnings results on Thursday. The company reported ($0.04) EPS for the quarter, beating analysts' consensus estimates of ($0.06) by $0.02, Zacks reports. The firm had revenue of $142.38 million for the quarter, compared to analyst estimates of $214.60 million. SNDL had a negative net margin of 12.11% and a negative return on equity of 8.27%.

SNDL Price Performance

Shares of SNDL stock traded down $0.02 during trading on Friday, reaching $1.39. The company's stock had a trading volume of 2,523,044 shares, compared to its average volume of 2,374,116. The stock has a 50-day moving average price of $1.47 and a two-hundred day moving average price of $1.75. The stock has a market capitalization of $365.26 million, a P/E ratio of -4.48 and a beta of 3.23. The company has a current ratio of 5.61, a quick ratio of 4.16 and a debt-to-equity ratio of 0.10. SNDL has a one year low of $1.26 and a one year high of $2.93.

Wall Street Analysts Forecast Growth

Separately, ATB Capital boosted their target price on SNDL from $3.50 to $4.00 in a report on Wednesday, March 19th.

Read Our Latest Research Report on SNDL

SNDL Company Profile

(Get Free Report)

SNDL Inc engages in the production, distribution, and sale of cannabis products in Canada. The company operates through Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments segments. It engages in the cultivation, distribution, and sale of cannabis for the adult-use and medical markets; sells wines, beers, and spirits through wholly owned liquor stores; and private sale of recreational cannabis through wholly owned and franchised retail cannabis stores.

See Also

Earnings History for SNDL (NASDAQ:SNDL)

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