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

IM Cannabis

14/08/2024 15:09

* IM Cannabis Corp  IMCC.CD  reported a quarterly adjusted
loss
of 23 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of $-1.56.  The mean expectation of two analysts for the quarter
was for a loss of C$1.17 per share. Wall Street expected
results to range from C$-1.26 to C$-1.09 per share.
    * Revenue rose 11.7% to C$14.75 million from a year ago;
analysts
expected C$13.16 million. 
    * IM Cannabis Corp's reported EPS for the quarter was a loss
of 23
cents​.
    * The company reported a quarterly loss of C$3.03 million.
    * IM Cannabis Corp shares had risen by 16.1% this
quarter and
gained 56.5% so far this year.

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 August 14 at
02:09 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
 Jun. 30 2024      -1.17          -0.23          Beat
 Mar. 31 2024      -1.20          -2.52          Missed
 Dec. 31 2023      -1.00          -1.50          Missed
 Sep. 30 2023      -1.26          -0.96          Beat