Aurora Cannabis to report Q4 soon; analysts say steep losses expected | 2020-09-22 | Investing News


Click to enlargeEdmonton AB-based Aurora Cannabis (T.ACB) is expected to report its fiscal fourth-quarter results after markets close on Tuesday, with analysts expecting the company to report $73.3 million in revenue, while booking a steep net loss of $572 million.

Many of the company’s main financial headlines were previously reported when Aurora announced its new CEO, and warned a write-down in the neighbourhood of $1.8 billion could lay ahead. However, investors will be likely keeping a close eye on how the company’s net cannabis sales are doing, as well as any further information on its U.S. plans.

Canaccord Genuity analyst Matt Bottomley reduced his price target on Aurora to $10 from $21, reporting that flat-to-declining revenues could be more of an industry-wide trend for Canadian operators, not just Aurora.

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