IM Cannabis (IMCC) to Release Earnings on Thursday

IM Cannabis (NASDAQ:IMCC) is set to release its earnings data before the market opens on Thursday, November 14th. Analysts expect IM Cannabis to post earnings of ($1.03) per share for the quarter.

IM Cannabis (NASDAQ:IMCC) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.84) by $0.67. The business had revenue of $10.78 million during the quarter, compared to the consensus estimate of $9.62 million. IM Cannabis had a negative net margin of 26.46% and a negative return on equity of 97.26%. 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

IMCC stock opened at $2.35 on Wednesday. IM Cannabis has a 52-week low of $1.13 and a 52-week high of $8.10. The company has a quick ratio of 0.52, a current ratio of 0.69 and a debt-to-equity ratio of 0.07. The stock has a market cap of $5.24 million, a price-to-earnings ratio of -0.58 and a beta of 0.45. The business has a fifty day moving average of $2.19 and a two-hundred day moving average of $2.82.

About IM Cannabis

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.