SNDL Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

SNDL (NASDAQ:SNDL) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$236.9m (flat on 3Q 2023).
• Net loss: CA$19.3m (loss narrowed by 11% from 3Q 2023).
• CA$0.07 loss per share (improved from CA$0.084 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

SNDL Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 40%.

Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Pharmaceuticals industry in the US.

Performance of the American Pharmaceuticals industry.

The company's shares are up 7.7% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for SNDL that you should be aware of.

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