Ayr Wellness Inc. (AYRWF) came out with a quarterly loss of $0.26 per share versus the Zacks Consensus Estimate of a loss of $0.50. This compares to loss of $0.27 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 48%. A quarter ago, it was expected that this company would post a loss of $0.43 per share when it actually produced a loss of $0.52, delivering a surprise of -20.93%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Ayr Wellness Inc. , which belongs to the Zacks Medical – Products industry, posted revenues of $124.62 million for the quarter ended December 2022, missing the Zacks Consensus Estimate by 5.99%. This compares to year-ago revenues of $111.77 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.
Ayr Wellness Inc. Shares have lost about 20.8% since the beginning of the year versus the S&P 500’s gain of 4%.
What’s Next for Ayr Wellness Inc.
While Ayr Wellness Inc. Has
