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FY2022 EPS Estimates for Greenlane Renewables Inc. (TSE:GRN) Cut by Analyst

Defense World ·  {{timeTz}}

Greenlane Renewables Inc. (TSE:GRN – Get Rating) – Cormark cut their FY2022 earnings per share (EPS) estimates for shares of Greenlane Renewables in a report issued on Wednesday, August 10th. Cormark analyst N. Boychuk now forecasts that the company will post earnings of ($0.02) per share for the year, down from their prior estimate of ($0.01). The consensus estimate for Greenlane Renewables' current full-year earnings is $0.01 per share.

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Greenlane Renewables (TSE:GRN – Get Rating) last issued its quarterly earnings results on Thursday, May 12th. The company reported C($0.01) EPS for the quarter. The business had revenue of C$16.27 million for the quarter, compared to analyst estimates of C$15.81 million.

A number of other analysts have also commented on the company. HC Wainwright reaffirmed a "buy" rating on shares of Greenlane Renewables in a research report on Thursday. Pi Financial lowered their target price on Greenlane Renewables from C$3.00 to C$1.40 and set a "na" rating on the stock in a research report on Tuesday, July 26th.

Greenlane Renewables Price Performance

Shares of TSE GRN opened at C$0.77 on Friday. The company's fifty day simple moving average is C$0.74 and its 200 day simple moving average is C$0.91. Greenlane Renewables has a 12-month low of C$0.60 and a 12-month high of C$1.75. The firm has a market cap of C$115.99 million and a PE ratio of -26.55. The company has a quick ratio of 1.96, a current ratio of 2.12 and a debt-to-equity ratio of 2.57.

About Greenlane Renewables

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Greenlane Renewables Inc designs, develops, sells, and services a range of biogas upgrading systems worldwide. The company's systems remove impurities and separate carbon dioxide from biomethane in the raw biogas created from anaerobic decomposition of organic waste at landfills, wastewater treatment plants, and farms and for injection food waste facilities into the natural gas grid or for direct use as vehicle fuel.

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