Cronos Group Inc reports results for the quarter ended June 30 - Earnings Summary

• Cronos Group Inc CRON reported a quarterly adjusted loss of 10 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -2 cents. The lone analyst forecast for the quarter was for a loss of 2 cents per share.

• Revenue rose 20.5% to $33.46 million from a year ago; analysts expected $32.90 million.

• Cronos Group Inc's reported EPS for the quarter was a loss of 10 cents​.

• The company reported a quarterly loss of $39.71 million.

• Cronos Group Inc shares had risen by 9.9% this quarter and gained 4.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• Wall Street's median 12-month price target for Cronos Group Inc is $2.90, about 27.6% above its last closing price of $2.10

This summary was machine generated from LSEG data August 7 at 05:38 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)