HEXO HEXO is set to give its latest quarterly earnings report on Tuesday, 2021-12-14. Here's what investors need to know before the announcement.
Analysts estimate that HEXO will likely report an Earnings Per Share (EPS) of $-0.08.
HEXO bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
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).
Past Earnings Performance
Last quarter the company missed EPS by $0.39, which was followed by a 0.0% drop in the share price the next day.
Here's a look at HEXO's past performance and the resulting price change:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.09 | -0.06 | ||
| EPS Actual | -0.48 | -0.17 | -0.17 | -0.04 |
| Price Change % | -10.91% | -3.72% | 0.0% | 7.92% |
Stock Performance
Shares of HEXO were trading at $0.9531 as of December 10. Over the last 52-week period, shares are down 78.07%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.
If you want to track all upcoming earnings announcements, check out our Earnings Calendar here
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