IM Cannabis IMCC is preparing to release its quarterly earnings on Thursday, 2024-11-14. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect IM Cannabis to report an earnings per share (EPS) of $-1.05.
Investors in IM Cannabis are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
Past Earnings Performance
Last quarter the company beat EPS by $0.68, which was followed by a 3.68% increase in the share price the next day.
Here's a look at IM Cannabis's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.85 | -1.20 | -1.02 | -1.26 |
| EPS Actual | -0.17 | -1.86 | -1.08 | -0.72 |
| Price Change % | 4.0% | 2.0% | 28.999999999999996% | -1.0% |
Tracking IM Cannabis's Stock Performance
Shares of IM Cannabis were trading at $2.3499 as of November 12. Over the last 52-week period, shares are down 5.69%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.
To track all earnings releases for IM Cannabis visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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