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Aurora Cannabis Inc. (ACB) Gains But Lags Market: What You Should Know

Zacks Equity Research

Aurora Cannabis Inc. (ACB) closed the most recent trading day at $3.61, moving +0.28% from the previous trading session. The stock lagged the S&P 500's daily gain of 0.33%. Elsewhere, the Dow gained 0.43%, while the tech-heavy Nasdaq added 0.33%.

Prior to today's trading, shares of the company had lost 12.62% over the past month. This has lagged the Medical sector's gain of 3.22% and the S&P 500's gain of 2.66% in that time.

Investors will be hoping for strength from ACB as it approaches its next earnings release. The company is expected to report EPS of -$0.03, down 133.33% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $74.22 million, up 226.82% from the year-ago period.

ACB's full-year Zacks Consensus Estimates are calling for earnings of -$0.10 per share and revenue of $396.19 million. These results would represent year-over-year changes of +54.55% and +100.03%, respectively.

Investors should also note any recent changes to analyst estimates for ACB. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 15.49% lower. ACB is currently a Zacks Rank #3 (Hold).

The Medical - Products industry is part of the Medical sector. This group has a Zacks Industry Rank of 90, putting it in the top 36% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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