|Bid||1.0400 x 2900|
|Ask||1.0500 x 2200|
|Day's Range||1.0300 - 1.0700|
|52 Week Range||1.0200 - 4.5600|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 31, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.59|
Roughly a month ago, I cautioned that while cannabis name Canopy Growth (NYSE:CGC) may have been an indirect winner on Election Day, CGC stock was still held hostage by sentiment. Macquarie downgraded Constellation Brands (NYSE:STZ) late last week almost entirely because of its sizeable investment in Canopy Growth. The beer, wine and spirits company bought $4 billion worth of CGC stock in April, setting the stage for product-development partnerships, but loading it with what could be a losing equity stake.
NEW YORK, Nov. 28, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
CEO Brad Dickerson will attend the Barclays Global Technology, Media and Telecommunications Conference on Dec. 6.
Blue Apron Holdings, Inc. announced today that members of its management team will participate in the following upcoming investor conferences:
Blue Apron Holdings Inc (NYSE: APRN ) shares are nearing 52-week lows after the meal kit service reported a second-quarter sales miss last week. The subscription service is undergoing a restructuring ...
Blue Apron Holdings Inc (NYSE: APRN ) shares are reeling after reporting a third-quarter earnings miss Tuesday. The food delivery subscription service has lost nearly 88 percent of its value since its ...
Blue Apron Holdings Inc. was downgraded to hold from buy at Canaccord Genuity following a third-quarter revenue miss and reporting fewer customers. Canaccord cut its price target to $3 from $6. Blue Apron said it had 856,000 customers, down from 646,000 last year. The company is also cutting its workforce by 4% as it shifts strategy to "deepen engagement" with the 30% of Blue Apron customers who are responsible for more than 80% of the company's revenue. "Despite the several positives, given the guidance for continued revenue declines next year, we feel a hold rating is more appropriate for now," wrote Canaccord in a note. Blue Apron shares have plummeted more than 71% for the year to date while the S&P 500 index is up 1.2% for the period.
For the third quarter, Blue Apron Holdings’ (APRN) adjusted EPS came in at -$0.18, which was an improvement compared to the analysts’ estimates of -$0.21 and the Q3 2017 EPS of -$0.47. The company remains focused on cutting costs, and it is also improving the operational efficiency of its Linden fulfillment center. As a part of making the organization leaner, Blue Apron plans to reduce its workforce by 4%.
Online meal kit provider Blue Apron Holdings (APRN) announced its third-quarter earnings on November 13. It reported revenues of $150.6 million, which fell 28.5% on a YoY basis, as its customer base continued to decline. For the third quarter, Blue Apron’s customer base declined 24.5% YoY to 646,000.
On November 14, Blue Apron Holdings (APRN) stock was down 4.1% after the company announced its third-quarter numbers on November 13. Compared with its IPO price of $10.00 on June 29, 2017, APRN stock is down 88.3% to $1.17 as of November 14. In the third quarter, Blue Apron’s customer base fell 24.5% YoY to 646,000, and its orders fell 26.6% to 2.6 million.
Chief financial officer Tim Bensley said, for 2019, Blue Apron will target customers that "exhibit the attributes of our best customers.”
Shares of Blue Apron slid more than 10 percent after the move was revealed in an early-morning conference call that followed disappointing third-quarter results released late on Tuesday, along with a layoff announcement. Moving into 2019, Blue Apron will spend less on acquiring new customers "while targeting customers that exhibit the attributes of our best customers," Chief Financial Officer Tim Bensley said on the conference call. Late on Tuesday, Blue Apron reported a steep third-quarter revenue decline and disclosed plans to lay off about 4 percent of its workforce.
shares were plunging Wednesday, down as much as 9% to $1.11, after the food delivery services company's revenue missed estimates and it said it was laying off 4% of its workforce. Blue Apron reported 646,000 customers in its September-ended quarter, down from 717,000. Blue Apron's loss of 18 cents a share in the quarter was narrower than the expected loss of 22 cents a share.