MedMen EnterprisesMMNFF stock fell by 6.37% after the company reported its Q4 earnings results on Thursday, September 23, 2021 at 04:30 PM.
Here's what investors need to know about the announcement.
Earnings
MedMen Enterprises missed their estimated earnings by 25.0%, which surprised analysts.
Revenue was up $14,600,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01, which was followed by a 3.1% drop in the share price the next day.
Here's a look at MedMen Enterprises's past performance and the resulting price change:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|---|
| EPS Estimate | -0.04 | -0.05 | -0.11 | -0.07 | -0.06 |
| EPS Actual | -0.05 | -0.04 | -0.11 | -0.06 | -0.04 |
| Price Change % | -6.37% | -3.1% | -18.48% | -16.45% | -16.33% |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
MedMen Enterprises earnings and revenue guidance hasn't been issued for now.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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