RE:Way to go Cam :) ThanksI believe the consensus estimate for Aurora's 2019 Q3 sales revenue is somewhere around $79M or thereabouts. Apparently, I read somewhere that this might even be a reduction from the $90M mark which some of the analysts had Aurora coming in at a few weeks ago. Not sure if this is true or not, but it would not totally surprise me considering the fact that overall sales in the cannabis stores throughout Canada has apparently dropped for 2 consecutive months in a row.
So, not sure if we will hit the $79M mark or not. Definitely still a big YOY gain as compared to the meagre $16.1M that the company was able to put up for 2018 Q3. Of course, those results were without the CMED and Leaf numbers in there. Not entirely sure if this expected $79M estimate is for total gross revenue or total net revenue which came in at $62M and $54.2M respectively for the previous Q2. So, if we do hit the consensus mark of $79M, it would represent either a sequential quarter over quarter percentage of either 23% or 45%.
Not sure if these sales percentage increases would be enough to satisfy the investors and move the stock price up accordingly. Somehow, I think the only sure fire way to see any kind of significant increase in the stock price next Wednesday would be for them to announce some kind of partnership deal along with the release of the financials. Similar to what Canopy did with the Constellation announcement when they released those horrid fiancials which everybody forgot about immediately. If they don't, I am afraid the longs will have to wait another 3 months to hope for any chance of a significant upward movement in the share price.
Well, at least that's my current view of the situation, so GLTA!!!
mozzarella wrote: In Aurora’s case, last quarter the company issued a big warning before earnings. The mere absence of that for Q3 might suggest that it isn’t anticipating as big of a letdown for investors, and that alone is a good sign. There’s nothing like a big sales miss to spook cannabis investors. And with this coming quarter including a full three months of recreational sales, it’s likely going to be a "great quarter for Aurora"