CRON - Will Cronos Q1 results bring earnings surprise?

Cronos Group (NASDAQ:CRON) is scheduled to announce Q1 earnings results on Tuesday, May 10th, before market open. The consensus EPS Estimate is -$0.08 and the consensus Revenue Estimate is $23.79M (+88.7% Y/Y). Over the last 1 year, CRON has beaten EPS estimates 50% of the time and has beaten revenue estimates 50% of the time. Over the last 3 months, EPS estimates have seen 1 upward revision and 0 downward. Revenue estimates have seen 1 upward revision and 4 downward. The company's stock fell 3.6% on Feb. 28, when the company reported Q4 results. Cronos posted mixed Q4 result as earnings fell short of the consensus despite a revenue beat. Last quarter, the company announced its plans to exit Peace Naturals Campus, a cannabis production facility located in Stayner, Ontario. The decision was made to streamline the supply chain and raise profitability. In March, the company announced the return of Mike Gorenstein in the

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Will Cronos Q1 results bring earnings surprise?