IM Cannabis (IMCC) to Release Quarterly Earnings on Thursday

IM Cannabis (NASDAQ:IMCC) will issue its quarterly earnings data before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of ($1.03) per share for the quarter.

IM Cannabis (NASDAQ:IMCC) last announced its earnings results on Wednesday, August 14th. The company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.84) by $0.67. IM Cannabis had a negative net margin of 26.46% and a negative return on equity of 97.26%. The firm had revenue of $10.78 million for the quarter, compared to analysts’ expectations of $9.62 million. On average, analysts expect IM Cannabis to post $-6 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

IM Cannabis Price Performance

Shares of NASDAQ IMCC opened at $1.97 on Thursday. IM Cannabis has a fifty-two week low of $1.13 and a fifty-two week high of $8.10. The company has a 50 day simple moving average of $2.21 and a two-hundred day simple moving average of $2.85. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.52 and a current ratio of 0.69. The company has a market capitalization of $4.39 million, a price-to-earnings ratio of -0.48 and a beta of 0.45.

IM Cannabis Company Profile

IM Cannabis Corp. engages in breeding, growing, and supply of medical cannabis products in Israel and Germany. It offers cannabis flowers and strain-specific cannabis extracts under the IMC brand; and dried flower, pre-rolls, minis, and full spectrum extracts offerings under the WAGNERS and BLKMKT brands.