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

Decibel Cannabis Company Inc. (CVE:DB) – Analysts at Ventum Cap Mkts issued their Q2 2024 EPS estimates for shares of Decibel Cannabis in a research report issued on Monday, July 8th. Ventum Cap Mkts analyst A. Semple forecasts that the company will post earnings per share of $0.00 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) last posted its quarterly earnings results on Wednesday, May 29th. The company reported C($0.01) EPS for the quarter. The company had revenue of C$20.95 million during the quarter, compared to analysts’ expectations of C$23.60 million. Decibel Cannabis had a negative return on equity of 3.79% and a negative net margin of 1.53%.

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

Decibel Cannabis Price Performance

DB stock opened at C$0.06 on Thursday. The company has a market capitalization of C$22.50 million, a PE ratio of -5.50 and a beta of 1.03. Decibel Cannabis has a 12 month low of C$0.05 and a 12 month high of C$0.19. The firm’s 50-day moving average is C$0.08 and its 200 day moving average is C$0.11.

Decibel Cannabis Company Profile

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.