FY2024 Earnings Estimate for SNDL Issued By Atb Cap Markets

SNDL Inc. (NASDAQ:SNDL) – Research analysts at Atb Cap Markets cut their FY2024 earnings per share estimates for shares of SNDL in a research report issued to clients and investors on Tuesday, November 5th. Atb Cap Markets analyst F. Gomes now expects that the company will post earnings of ($0.09) per share for the year, down from their previous forecast of ($0.08). The consensus estimate for SNDL’s current full-year earnings is ($0.08) per share. Atb Cap Markets also issued estimates for SNDL’s Q4 2024 earnings at ($0.01) EPS and FY2025 earnings at ($0.01) EPS.

Separately, Canaccord Genuity Group initiated coverage on SNDL in a research report on Wednesday, July 17th. They issued a “speculative buy” rating and a $3.25 price objective for the company.

SNDL Stock Performance

Shares of SNDL opened at $2.06 on Friday. The stock has a fifty day moving average price of $2.05 and a two-hundred day moving average price of $2.11. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.98 and a current ratio of 4.34. SNDL has a 52-week low of $1.30 and a 52-week high of $2.93. The company has a market cap of $342.00 million, a price-to-earnings ratio of -6.68 and a beta of 3.20.

Hedge Funds Weigh In On SNDL

Several large investors have recently made changes to their positions in the company. Concurrent Investment Advisors LLC acquired a new position in SNDL in the first quarter valued at about $120,000. Tidal Investments LLC acquired a new position in SNDL in the first quarter valued at about $18,237,000. Magnus Financial Group LLC acquired a new position in SNDL in the second quarter valued at about $228,000. Jeppson Wealth Management LLC acquired a new position in SNDL in the second quarter valued at about $38,000. Finally, AdvisorShares Investments LLC lifted its stake in SNDL by 27.0% in the second quarter. AdvisorShares Investments LLC now owns 1,409,212 shares of the company’s stock valued at $2,706,000 after buying an additional 300,000 shares during the period.

SNDL Company Profile

SNDL Inc engages in the production, distribution, and sale of cannabis products in Canada. The company operates through Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments segments. It engages in the cultivation, distribution, and sale of cannabis for the adult-use and medical markets; sells wines, beers, and spirits through wholly owned liquor stores; and private sale of recreational cannabis through wholly owned and franchised retail cannabis stores.