Cresco Labs Inc. CRLBF is scheduled to report first-quarter 2024 results on May 15.
For the fourth quarter of 2023, the company reported earnings of 1 cent against the Zacks Consensus Estimate of a loss of 2 cents per share. Cresco Labs missed estimates in two of the trailing four quarters, surpassed in one, and matched the same in the other, the average surprise being 8.33%.
Let’s take a look at how things have shaped up prior to this announcement.
Factors at Play
Cresco Labs has been focusing on executing strategies to rationalize and optimize the company’s operations over the last year. These are expected to have been significantly helpful in capturing core market share over the past few quarters. With the company still focusing on the same, we expect to see positive outcomes in the first-quarter results with respect to core markets, core stores, core brands and core products.
This rationalization and optimization effort is also expected to have positively impacted the company’s first-quarter margins, profitability and cash flow.
Further, the company is also expected to have gained from the ongoing intelligent upgrades to its Ohio infrastructure,banking on the successful playbooks from the other adult use conversions. The company earlier noted that it is watching
