Loss per share
Despite the significant increase in Aphria’s (APHA) revenues and margin growth, analysts expect Aphria to report a loss per share in its second-quarter earnings, which are scheduled to be announced next week.
Analysts expect Aphria’s loss per share to be 0.03 Canadian dollars per share—compared to its EPS of 0.04 Canadian dollars in the second quarter in 2018.
Should investors be concerned? Companies can report a loss per share during the growth phase due to expensing investments upfront, which could result in increased earnings in the coming years. Recently, other cannabis players (MJ) reported their earnings. Canopy Growth (WEED) (CGC) reported a loss per share of 1.5 Canadian dollars. Canopy Growth is expected to report a loss per share of 0.21 Canadian dollars in its next quarterly earnings.
Aurora Cannabis (ACB) reported a loss per share of 0.08 Canadian dollars in its recent quarter. Aurora Cannabis is expected to report a loss per share of 0.02 Canadian dollars in the next quarter. Tilray (TLRY) reported a loss per share of $0.2 in its recent quarter. Tilray is estimated to report a loss per share of $0.13 in the next quarter. These estimates are on an adjusted basis.
We’ll analyze Aphria’s second-quarter earnings after the results are released next week.