Aphria (APHA) is scheduled to release its second-quarter earnings on January 11 before the market opens at about 7:00 AM EST. The company will hold a conference call at 9:00 AM EST. With so much action surrounding Aphria, the earnings release could be a nail-biting event to see how the company performed in the recent quarter. We’ll see what management has to say about the company’s future and negativity surrounding the stock.
Aphria’s positive start
On January 2, the first market day in 2019, most cannabis stocks ended in the green. Aphria rose nearly 3.8%—a positive start for the company in the new year. Overall, the cannabis sector broadly ended the first market day in the positive territory. The Horizons Marijuana Life Science ETF (HMMJ) rose nearly 5.6%. Except for Tilray (TLRY), Cronos Group (CRON), Canopy Growth (WEED) (CGC), and CannTrust (CNTTF) were all higher on January 2.
In this series, we’ll discuss analysts’ expectations for Aphria’s second-quarter earnings next week. We’ll discuss analysts’ estimates for three key financial metrics—revenues, margins, and EPS. Most cannabis companies missed analysts’ estimates in the last quarterly update.