Ayr Wellness Inc (AYRWF)

[GE_Jim]

Ayr Wellness Inc. (AYRWF) Reports Q2 Loss, Misses Revenue Estimates
7:15 am ET August 17, 2023 (Zacks) Print
Ayr Wellness Inc. (AYRWF) came out with a quarterly loss of $0.42 per share versus the Zacks Consensus Estimate of a loss of $0.40. This compares to loss of $0.56 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -5%. A quarter ago, it was expected that this company would post a loss of $0.45 per share when it actually produced a loss of $0.13, delivering a surprise of 71.11%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Ayr Wellness Inc., which belongs to the Zacks Medical - Products industry, posted revenues of $116.74 million for the quarter ended June 2023, missing the Zacks Consensus Estimate by 3.64%. This compares to year-ago revenues of $110.13 million. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Ayr Wellness Inc. Shares have lost about 26.3% since the beginning of the year versus the S&P 500's gain of 14.7%.