Harvest Health & Recreation (OTCMKTS:HRVSF) Issues FY 2021 Earnings Guidance

Harvest Health & Recreation (OTCMKTS:HRVSF) issued an update on its FY 2021 earnings guidance on Monday morning. The company provided earnings per share guidance of – for the period. The company issued revenue guidance of $400 M-, compared to the consensus revenue estimate of $385.55 million.

A number of research analysts have weighed in on the stock. Canaccord Genuity boosted their target price on shares of Harvest Health & Recreation from $7.00 to $8.00 and gave the stock a buy rating in a research report on Wednesday, May 12th. Cantor Fitzgerald boosted their target price on shares of Harvest Health & Recreation from $2.10 to $3.70 and gave the stock a neutral rating in a research report on Monday, January 25th. Alliance Global Partners boosted their target price on shares of Harvest Health & Recreation to $5.00 and gave the stock a neutral rating in a research report on Tuesday, January 26th. Finally, Stifel Nicolaus cut their target price on shares of Harvest Health & Recreation from $10.00 to $5.50 and set a buy rating for the company in a research report on Wednesday, May 12th.

Shares of HRVSF opened at $4.25 on Monday. The company has a 50-day simple moving average of $3.09 and a 200-day simple moving average of $2.84. Harvest Health & Recreation has a 52 week low of $0.74 and a 52 week high of $4.50.

Harvest Health & Recreation (OTCMKTS:HRVSF) last announced its quarterly earnings data on Monday, March 29th. The medicinal cannabis company reported ($0.02) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.02).

Harvest Health & Recreation Company Profile

Harvest Health and Recreation, Inc, together with its subsidiaries, cultivates, processes, sells, and retails inhalable, ingestible, and topical cannabis products in the United States. The company offers cannabis oil products; inhalables, including flower, dabbable concentrates, pre-filled vaporizer pens, and cartridges; and capsules, tinctures, and cannabis product edibles, including chocolates, gummies, mints, fruit chews, and dissolvable mouth strips under the Avenue, CBX SCIENCES, EVOLAB, ALCHEMY, CHROMA, CO2LORS, GOODSUN, MODERN FLOWER, and ROLL ONE brand names.

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