Categories Cannabis, Earnings

What to expect when Aphria (APHA) reports Q2 results

Aphria Inc. (NYSE: APHA) is scheduled to report second quarter 2020 earnings results on Tuesday, January 14, before the market opens. Analysts expect the company to report a loss of $0.02 per share on revenue of $100.8 million.

In the first quarter of 2020, the company surprised the Street with earnings of CAD 0.07 per share while the forecasts were for a loss of CAD 0.01. However, revenues of CAD 126.1 million came below the estimates of CAD 138.4 million.

Aphria reported second consecutive quarter of profitability in Q1

Last quarter, Aphria said it was on track on achieve an annual production capacity of 255,000 kilograms when all facilities are licensed and operational. In November, the company doubled its production capacity after receiving cultivation license for its Aphria Diamond facility.

The addition of 140,000 kg of production from Aphria Diamond helped the company reach its target of annualized production capacity of 255,000 kg. This is a huge positive.

Also see: Aphria Q1 2020 Earnings Conference Call Transcript

Aphria also started rolling out cannabis vape products which come with its share of concerns. Vaping is facing several controversies and is currently under close scrutiny. Updates on this area will be worth watching.

In general, the outlook for cannabis stocks appears to be bullish for this year on the expectations of strong demand and easing of regulations.

For the full year of 2020, the company has guided for net revenue of approx. $650 million to $700 million and adjusted EBITDA of approx. $88 million to $95 million.

The stock has dropped 27% in the past one year and 5% over the past week. It has a majority rating of Buy and an average price target of $8.61.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

What to look for when CVS Health (CVS) reports Q3 earnings

Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain

eBay (EBAY): A few factors that helped drive growth in Q3 2024

Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Comments

  1. Pingback: Beverly Bultron
  2. Pingback: Chirurgie Tunisie
  3. Pingback: Academic Advising
  4. Pingback: MBA
  5. Pingback: Economics
  6. Pingback: cage ufc
  7. Pingback: leanbiome
  8. Pingback: Fiverr Earn
  9. Pingback: Fiverr Earn
  10. Pingback: Fiverr Earn
  11. Pingback: fiverrearn.com
  12. Pingback: fiverrearn.com
  13. Pingback: fiverrearn.com
  14. Pingback: french bulldog
  15. Pingback: crypto news
  16. Pingback: bewerto
  17. Pingback: weather new hope
  18. Pingback: future university
  19. Pingback: french bulldogs
  20. Pingback: Fiverr
  21. Pingback: FiverrEarn
  22. Pingback: grey frenchie
  23. Pingback: Warranty
  24. Pingback: Piano disposal
  25. Pingback: FUE
  26. Pingback: FUE
  27. Pingback: FUE
  28. Pingback: Moving assistance
  29. Pingback: Classic Books 500
  30. Pingback: FiverrEarn
  31. Pingback: FiverrEarn
  32. Pingback: FiverrEarn
  33. Pingback: FiverrEarn
  34. Pingback: FiverrEarn
  35. Pingback: Speaker
  36. Pingback: FiverrEarn
  37. Pingback: FiverrEarn
  38. Pingback: partners
  39. Pingback: Tips
  40. Pingback: FiverrEarn
  41. Pingback: FiverrEarn
  42. Pingback: live sex cams
  43. Pingback: live sex cams
  44. Pingback: FiverrEarn
  45. Pingback: FiverrEarn
  46. Pingback: FiverrEarn
  47. Pingback: FiverrEarn
  48. Pingback: FiverrEarn
  49. Pingback: FiverrEarn
  50. Pingback: FiverrEarn
  51. Pingback: FiverrEarn
  52. Pingback: Farming
  53. Pingback: gifts
  54. Pingback: Situs Slot Online
  55. Pingback: Kuliah Termurah
  56. Pingback: FiverrEarn
  57. Pingback: FiverrEarn
  58. Pingback: cheap sex cams
  59. Pingback: canine probiotics
  60. Pingback: live sex cams
  61. Pingback: Freeze dried water
  62. Pingback: frt trigger
  63. Pingback: 늑대닷컴
  64. Pingback: nang delivery
  65. Pingback: superslot
  66. Pingback: allgame
  67. Pingback: 918kiss
  68. Pingback: หวย24
  69. Pingback: pg slot
  70. Pingback: evisa
  71. Pingback: 3 408 cheytac
  72. Pingback: 6.5 prc ammo
  73. Pingback: SaaS Attorney
  74. Pingback: ItMe.Xyz
  75. Pingback: ItMe.Xyz
  76. Pingback: MasumINTL.Com
  77. Pingback: Bokeo Thailand
  78. Pingback: masumintl

Comments are closed.

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top