Aurora Hashish Inc. (ACB) Wins On Market Falls: What You Ought to Know

In the last trading session, Aurora Cannabis Inc. (ACB) closed at USD 12.04, a move of + 0.67% from the previous day. The stock exceeded the S&P 500’s daily loss of 0.72%. At the same time, the Dow lost 0.57% and the tech-heavy Nasdaq lost 0.87%.

Prior to today’s trading, the company’s shares were up 22.92% over the past month. This has outpaced the medical sector’s 3.28% growth and the S&P 500’s 4.69% growth over that period.

Investors are hoping for strength from ACB when it comes to the next release of its earnings. On that day, ACB is expected to post earnings of – $ 0.20 per share, up 90.74% year over year. The Zacks Consensus estimate for sales predicts net sales of $ 53.89 million, up 26.96% from the same period last year.

Looking at the full year, our Zacks Consensus estimates expect analysts to expect earnings of – $ 1.17 per share and revenue of $ 225.46 million. These total figures would mean changes of + 59.09% and + 8.49% compared to the previous year.

Investors should also be aware of the recent changes in analyst estimates for ACB. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can view positive estimates as a sign of optimism about the company’s business outlook.

Based on our research, we believe these estimates are directly related to team-based stock movements. We developed the Zacks rank to take advantage of this phenomenon. Our system takes these changes in estimates into account and provides a clear, actionable valuation model.

The Zacks Rank system ranges from No. 1 (strong buy) to No. 5 (strong sell) and has a proven, externally verified track record of outperformance. Since 1988, Stock No. 1 has achieved an average annual return of + 25%. In the past month, Zack’s Consensus EPS estimate has declined 1.33%. ACB currently has a Zacks rank of # 3 (Hold).

The medical device industry is part of the medical sector. This industry currently has a Zacks industry rank of 217, which puts it in the bottom 15% of all 250+ industries.

The story goes on

The Zacks Industry Rank is ranked best to worst in terms of the average Zacks Rank for each company in each of these sectors. Our research shows that the industries with the top 50% outperform the bottom half by a factor of 2 to 1.

Keep track of all of these and many more stock movement metrics on

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Aurora Cannabis Inc. (ACB): Free Stock Analysis Report

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