FY2024 EPS Estimates for Decibel Cannabis Company Inc. (CVE:DB) Lowered by Analyst

Decibel Cannabis Company Inc. (CVE:DB) – Analysts at Atb Cap Markets decreased their FY2024 earnings estimates for shares of Decibel Cannabis in a research note issued to investors on Wednesday, August 14th. Atb Cap Markets analyst F. Gomes now forecasts that the company will post earnings of $0.00 per share for the year, down from their prior estimate of $0.01. The consensus estimate for Decibel Cannabis’ current full-year earnings is $0.01 per share. Atb Cap Markets also issued estimates for Decibel Cannabis’ FY2025 earnings at $0.01 EPS.

Decibel Cannabis (CVE:DB) last issued its quarterly earnings data on Wednesday, May 29th. The company reported C($0.01) earnings per share (EPS) for the quarter. Decibel Cannabis had a negative return on equity of 2.30% and a negative net margin of 4.05%. The firm had revenue of C$20.95 million during the quarter, compared to analysts’ expectations of C$23.60 million.

DB has been the subject of several other reports. Ventum Cap Mkts upgraded shares of Decibel Cannabis to a “strong-buy” rating in a research note on Monday, July 8th. Echelon Wealth Partners dropped their price objective on shares of Decibel Cannabis from C$0.30 to C$0.25 and set a “speculative buy” rating for the company in a report on Thursday, May 30th. ATB Capital dropped their price objective on shares of Decibel Cannabis from C$0.50 to C$0.40 in a report on Thursday. Finally, Ventum Financial lowered their target price on shares of Decibel Cannabis from C$0.25 to C$0.20 in a research note on Thursday.

Decibel Cannabis Trading Up 9.1 %

CVE:DB opened at C$0.06 on Monday. The company has a market cap of C$24.54 million, a PE ratio of -6.00 and a beta of 1.06. Decibel Cannabis has a twelve month low of C$0.04 and a twelve month high of C$0.19. The company’s 50 day moving average is C$0.06 and its two-hundred day moving average is C$0.10.

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