Decibel Cannabis Company Inc. (CVE:DB) to Post Q2 2024 Earnings of $0.00 Per Share, Ventum Cap Mkts Forecasts

Posted by Doug Madison on Jul 13th, 2024

Decibel Cannabis Company Inc. (CVE:DB – Free Report) – Equities research analysts at Ventum Cap Mkts issued their Q2 2024 earnings per share estimates for shares of Decibel Cannabis in a research report issued to clients and investors on Monday, July 8th. Ventum Cap Mkts analyst A. Semple forecasts that the company will earn $0.00 per share for the quarter. Ventum Cap Mkts has a “Strong-Buy” rating on the stock. The consensus estimate for Decibel Cannabis’ current full-year earnings is $0.02 per share. Ventum Cap Mkts also issued estimates for Decibel Cannabis’ Q3 2024 earnings at $0.00 EPS, Q4 2024 earnings at $0.00 EPS, FY2024 earnings at $0.02 EPS and FY2025 earnings at $0.04 EPS.

Decibel Cannabis (CVE:DB – Get Free Report) last announced its quarterly earnings data on Wednesday, May 29th. The company reported C($0.01) earnings per share for the quarter. The company had revenue of C$20.95 million during the quarter, compared to the consensus estimate of C$23.60 million. Decibel Cannabis had a negative net margin of 1.53% and a negative return on equity of 3.79%.

Separately, Echelon Wealth Partners cut their target price on shares of Decibel Cannabis from C$0.30 to C$0.25 and set a “speculative buy” rating for the company in a research note on Thursday, May 30th.

View Our Latest Research Report on DB

Decibel Cannabis Price Performance

Shares of CVE DB opened at C$0.06 on Thursday. The stock has a market capitalization of C$22.50 million, a price-to-earnings ratio of -5.50 and a beta of 1.03. The business has a 50-day moving average of C$0.08 and a 200-day moving average of C$0.11. Decibel Cannabis has a fifty-two week low of C$0.05 and a fifty-two week high of C$0.19.

About Decibel Cannabis

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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, cannabis infused products, cannabis extracts, and glass tube packaging for pre-rolls.