Published on 13 May 2024 on Simply Wall St. via Yahoo Finance
Earnings Release: Here's Why Analysts Cut Their Charlotte's Web Holdings, Inc. (TSE:CWEB) Price...
It's been a mediocre week for Charlotte's Web Holdings, Inc. (TSE:CWEB) shareholders, with the stock dropping 18% to CA$0.23 in the week since its latest first-quarter results. Statutory results overall were mixed, with revenues coming in 21% lower than the analysts predicted. What's really surprising is that losses of US$0.06 per share were pretty much in line with forecasts, despite the revenue miss. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
Check out our latest analysis for Charlotte's Web Holdings
