Aurora Cannabis (ACB): Strong Industry, Solid Earnings Estimate Revisions

By Zacks Investment ResearchStock MarketsApr 02, 2020 09:40PM ET

www.investing.com/analysis/aurora-cannabis-acb-strong-industry-solid-earnings-estimate-revisions-200520577

Aurora Cannabis (ACB): Strong Industry, Solid Earnings Estimate Revisions

By Zacks Investment Research | Apr 02, 2020 09:40PM ET

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One stock that might be an intriguing choice for investors right now is Aurora Cannabis Inc. ACB. This is because this security in the Medical – Products space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Medical – Products space as it currently has a Zacks Industry Rank of 63 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Aurora Cannabis is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

Aurora Cannabis Inc. Price and Consensus

Aurora Cannabis Inc. Price and Consensus

Aurora Cannabis Inc. price-consensus-chart | Aurora Cannabis Inc. Quote

In fact, over the past month, current quarter estimates have narrowed from a loss of 5 cents per share to a loss of 4 cents, while current year estimates have narrowed from a loss of 96 cents per share to a loss of 94 cents. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So, if you are looking for a decent pick in a strong industry, consider Aurora Cannabis. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

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Comments (1)

Wilma Causey Apr 04, 2020 5:05PM ET

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you cant go wrong! Sb Management production/Halfmoon radio, wilma causey Sb

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Aurora Cannabis (ACB): Strong Industry, Solid Earnings Estimate Revisions

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