Q1 2024 Earnings Estimate for Decibel Cannabis Company Inc. Issued By Atb Cap Markets (CVE:DB)

Decibel Cannabis Company Inc. (CVE:DB) – Investment analysts at Atb Cap Markets cut their Q1 2024 EPS estimates for shares of Decibel Cannabis in a research report issued on Monday, March 25th. Atb Cap Markets analyst F. Gomes now anticipates that the company will earn $0.00 per share for the quarter, down from their prior estimate of $0.01. The consensus estimate for Decibel Cannabis’ current full-year earnings is $0.05 per share. Atb Cap Markets also issued estimates for Decibel Cannabis’ Q2 2024 earnings at $0.00 EPS, FY2024 earnings at $0.02 EPS and FY2026 earnings at $0.06 EPS.

Separately, Echelon Wealth Partners reiterated a “speculative buy” rating and issued a C$0.35 price objective on shares of Decibel Cannabis in a research report on Wednesday, December 20th.

Decibel Cannabis Stock Performance

Shares of DB opened at C$0.12 on Wednesday. The firm’s 50-day simple moving average is C$0.12. The company has a market cap of C$49.08 million, a P/E ratio of -12.00 and a beta of 1.04. Decibel Cannabis has a 12-month low of C$0.10 and a 12-month high of C$0.19.

About Decibel Cannabis

Decibel Cannabis Company Inc, an integrated cannabis company, engages in the cannabis cultivation, processing, and sale of cannabis flower products in Canada. It is also involved in the extraction, processing, and manufacturing vape cartridges and glass tube packaging for pre-rolls. In addition, the company engages in the cannabis retail business through operating operational retail locations in Saskatchewan, as well as an e-commerce cannabis platform throughout the Province of Saskatchewan; and operational retail locations in Alberta.