CannTrust (CTST) announced that it’s scheduled to report its fourth-quarter earnings on March 28 before the market opens. The company will have an earnings call on the same day. CannTrust was recently up listed on the NYSE on February 25. The stock has seen a lot of movement and more attention from investment firms. We’ll discuss analysts’ estimate for the company’s fourth-quarter earnings.
As of March 18, analysts expect significant growth in CannTrust’s sales in the fourth quarter. The company is estimated to report sales of 20.7 million Canadian dollars, which will likely grow almost 197% year-over-year from 6.9 million Canadian dollars in the fourth quarter of 2017. The company’s revenues are estimated to grow 65% sequentially.
CannTrust’s peers (MJ) including Canopy Growth (WEED), Aphria (APHA), and HEXO (HEXO) reported significant growth in their recent quarterly revenues due to the legalization of recreational cannabis in Canada.
In the fourth quarter, we’ll have to see CannTrust’s sales and prices. These two drivers will likely be a key focus to gauge CannTrust’s future position among its peers.
Next, we’ll discuss CannTrust’s profitability expectations.