IM Cannabis Corp reports results for the quarter ended in December - Earnings Summary

IM Cannabis

28/03/2024 14:27

* IM Cannabis Corp  IMCC.CD  reported a quarterly adjusted
loss
of 25 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of C$-1.32.  The mean expectation of two analysts
for the quarter was for a loss of 17 cents per share. Wall
Street expected results to range from -21 cents to -12 cents per
share.
    * Revenue fell 26% to C$10.70 million from a year ago;
analysts
expected C$10.45 million. 
    * IM Cannabis Corp's reported EPS for the quarter was a loss
of 25
cents​.
    * The company reported a quarterly loss of C$3.29 million.
    * IM Cannabis Corp shares had risen by 23.9% this quarter.

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
    * 

This summary was machine generated from LSEG data March 28 at
02:27 p.m. UTC. ​All figures in Canadian 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.17          -0.25          Missed
 Sep. 30 2023      -0.21          -0.16          Beat
 Jun. 30 2023      -0.07          -0.26          Missed
 Mar. 31 2023      -0.28          0.03           Beat