SNDL (NASDAQ:SNDL) Releases Earnings Results

SNDL (NASDAQ:SNDL) posted its quarterly earnings results on Tuesday. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.18), Zacks reports. SNDL had a negative return on equity of 8.27% and a negative net margin of 12.11%. The business had revenue of $179.06 million during the quarter, compared to analysts’ expectations of $248.10 million.

SNDL Stock Down 1.9 %

Shares of SNDL stock opened at $1.57 on Thursday. The company has a market cap of $412.56 million, a price-to-earnings ratio of -5.06 and a beta of 3.39. The company’s 50 day moving average is $1.71 and its 200 day moving average is $1.88. SNDL has a twelve month low of $1.40 and a twelve month high of $2.93. The company has a quick ratio of 4.16, a current ratio of 5.61 and a debt-to-equity ratio of 0.10.

Analyst Upgrades and Downgrades

Separately, ATB Capital boosted their target price on SNDL from $3.50 to $4.00 in a research report on Wednesday.

About SNDL

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.