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 story : Cowen reiterates outperform on Curaleaf after stronger-than-expected results #FinanceUSA #StockMarketNEWS Cowen analyst Vivien Azer on Tuesday reiterated her outperform rating on Curaleaf Holdings

@stockMarketNEWS Wed 10 Aug, 2022

Posted in: #FinanceUSA #StockMarketNEWS

Cowen reiterates outperform on Curaleaf after stronger-than-expected results #FinanceUSA #StockMarketNEWS
Cowen analyst Vivien Azer on Tuesday reiterated her outperform rating on Curaleaf Holdings Inc. and trimmed her 2023 revenue estimate to .64 billion from .65 billion based on the cannabis company's shift away from its lower margin wholesale business. Curaleaf's 8% growth in sales over the previous quarter beat Cowen's forecast of 2%. Gross margin was 250 basis points above Cowen's projection of 52% and adjusted Ebitda of 25.5% beat Cowen's estimate by 220 basis points. Shares of Curaleaf are down 36.8% this year, compared to a loss of 53.7% by the AdvisorShares Pure US Cannabis ETF and 19.2% loss by the Nasdaq .


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