Aurora Cannabis Inc. (ACB) Dips More Than Broader Markets: What You Should Know – Nasdaq

Aurora Cannabis Inc. (ACB) closed the most recent trading day at $2, moving -0.99% from the previous trading session. This move lagged the S&P 500’s daily loss of 0.71%. At the same time, the Dow lost 0.81%, and the tech-heavy Nasdaq lost 0.79%.

Coming into today, shares of the company had lost 17.21% in the past month. In that same time, the Medical sector gained 4.11%, while the S&P 500 gained 4.77%.

Investors will be hoping for strength from ACB as it approaches its next earnings release. In that report, analysts expect ACB to post earnings of -$0.04 per share. This would mark no growth from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $60.80 million, up 48.28% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.13 per share and revenue of $297.88 million. These totals would mark changes of +40.91% and +50.39%, respectively, from last year.

Investors might also notice recent changes to analyst estimates for ACB. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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 7% lower. ACB is currently sporting a

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