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What Analysts Expect for HEXO in 2019

HEXO in 2019

HEXO (HEXO), like most other cannabis companies (MJ), including Canopy Growth (CGC), Aurora Cannabis (ACB), and CannTrust (CNTTF), is expected to see a massive surge in its revenue in 2019 primarily driven by the massive demand for recreational cannabis in Canada. 

But by how much will the company’s revenue rise? Let’s look at what analysts expect.

HEXO 2019 Estimates 2019-01-07

All about growth

In 2019, analysts expect a big jump in HEXO’s revenue to almost 95 million Canadian dollars from ~5 million Canadian dollars in 2018. This surge in revenue is also expected to trickle down to its gross income, which is expected to come in at 50.4 million Canadian dollars, up from 2.84 Canadian dollars in 2018. However, the biggest change for HEXO will be its positive bottom line.

Of course, it’s important for investors looking at these stratospheric estimates to proceed with caution. In the last four quarters, HEXO has missed analysts’ estimates for revenue and gross income. It’s also missed three out of four bottom line estimates in the last four quarters.

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Nonetheless, the above estimates give us a sense of what expectations look like for the company and what could be priced into its stock.

Next, let’s look at analysts’ consensus price targets and ratings for HEXO.

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