(CURLF) – Analyst Previews Curaleaf Earnings: ‘Bellwether Of The U.S. Cannabis Industry’Posted by On


Shares of U.S. multi-state cannabis operator Curaleaf Holdings Inc. (OTCQX: CURLF) traded lower by 3.6% on Thursday morning, but one analyst has high hopes for the company’s fourth-quarter earnings report next week.

The Analyst: On Thursday, Roth Capital Partners analyst Scott Fortune reiterated his Buy rating and $20 price target for Curaleaf.

Related Link: 3 Reasons Cannabis Stocks May Be Headed Lower

The Thesis: In his preview note, Fortune said Curaleaf’s fourth-quarter earnings report is important for the entire cannabis space given the company is the “bellwether of the U.S. cannabis industry.”

“We believe the results will indicate the direction for the rest of the industry and are expecting a relatively strong quarter in terms of revenue growth, with integration still weighing on profits,” Fortune said.

He said expectations for the fourth quarter are high after Curaleaf’s impressive third-quarter numbers, which demonstrated the power of Curaleaf’s aggressive strategy of licensing wins and acquisitions. Looking ahead to 2021, Fortune said Arizona and New Jersey will be key growth markets for Curaleaf. Once the company has fully integrated Grassroots and its other major acquisitions, Fortune said investors should expect an inflection in Curaleaf’s profitability.

Roth is calling for a fourth-quarter EPS loss of 2 cents, down slightly from a 1-cent loss in the third quarter. The firm is also targeting $239.5 million in revenue, up 31.3%…

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Shares of U.S. multi-state cannabis operator Curaleaf Holdings Inc. (OTCQX: CURLF) traded lower by 3.6% on Thursday morning, but one analyst has high hopes for the company’s fourth-quarter earnings report next week.

The Analyst: On Thursday, Roth Capital Partners analyst Scott Fortune reiterated his Buy rating and $20 price target for Curaleaf.

Related Link: 3 Reasons Cannabis Stocks May Be Headed Lower

The Thesis: In his preview note, Fortune said Curaleaf’s fourth-quarter earnings report is important for the entire cannabis space given the company is the “bellwether of the U.S. cannabis industry.”

“We believe the results will indicate the direction for the rest of the industry and are expecting a relatively strong quarter in terms of revenue growth, with integration still weighing on profits,” Fortune said.

He said expectations for the fourth quarter are high after Curaleaf’s impressive third-quarter numbers, which demonstrated the power of Curaleaf’s aggressive strategy of licensing wins and acquisitions. Looking ahead to 2021, Fortune said Arizona and New Jersey will be key growth markets for Curaleaf. Once the company has fully integrated Grassroots and its other major acquisitions, Fortune said investors should expect an inflection in Curaleaf’s profitability.

Roth is calling for a fourth-quarter EPS loss of 2 cents, down slightly from a 1-cent loss in the third quarter. The firm is also targeting $239.5 million in revenue, up 31.3%…



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