Earnings results for Greenlane (NASDAQ:GNLN)
Greenlane Holdings, Inc. is expected* to report earnings on 05/18/2021 before market open. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.11. The reported EPS for the same quarter last year was $-0.61.
Greenlane last posted its earnings results on March 30th, 2021. The reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.12. The firm earned $36.27 million during the quarter, compared to analysts’ expectations of $36.63 million. Greenlane has generated $0.36 earnings per share over the last year. Greenlane has confirmed that its next quarterly earnings report will be published on Tuesday, May 18th, 2021.
Analyst Opinion on Greenlane (NASDAQ:GNLN)
3 Wall Street analysts have issued ratings and price targets for Greenlane in the last 12 months. Their average twelve-month price target is $6.33, predicting that the stock has a possible upside of 71.64%. The high price target for GNLN is $8.00 and the low price target for GNLN is $5.00. There are currently 3 buy ratings for the stock, resulting in a consensus rating of “Buy.”
Greenlane has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $6.33, Greenlane has a forecasted upside of 71.6% from its current price of $3.69. Greenlane has only been the subject of 2 research reports in the past 90 days.
Dividend Strength: Greenlane (NASDAQ:GNLN)
Greenlane does not currently pay a dividend. Greenlane does not have a long track record of dividend growth.
Insiders buying/selling: Greenlane (NASDAQ:GNLN)
In the past three months, Greenlane insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $737,745.00 in company stock. 83.59% of the stock of Greenlane is held by insiders. A high percentage of insider ownership can be a sign of company health. Only 4.86% of the stock of Greenlane is held by institutions.
Earnings and Valuation of Greenlane (NASDAQ:GNLN
Earnings for Greenlane are expected to grow in the coming year, from ($0.55) to ($0.20) per share. The P/E ratio of Greenlane is -3.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Greenlane is -3.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Greenlane has a P/B Ratio of 3.02. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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