Greenlane Holdings, Inc. (NASDAQ:GNLN) is set to announce third quarter earning results on Monday 16th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, GNLN to report 3Q20 loss of $ 0.1 per share.
For the full year, analysts anticipate top line of $ 136.66 million, while looking forward to loss of $ 0.32 per share bottom line.
Previous Quarter Performance
Greenlane Holdings, Inc. revealed loss for the second quarter of $ 0.46 per share, from the revenue of $ 32.40 million. The quarterly revenues declined 38.86 percent compared with the same quarter last year. Wall street analysts are predicting, GNLN to report 2Q20 loss of $ 0.08 per share from revenue of $ 29.38 million. The bottom line results missed street analysts by $ 0.38 or 475 percent, at the same time, top line results outshined analysts by $ 3.02 million or 10.28 percent.
Stock Performance
On Friday, shares of Greenlane Holdings, Inc. has traded high as $ 2.90 and has cracked $ 2.67 on the downward trend, reaching $ 2.73 with volume of 245.70 thousand shares.
According to the previous trading day, closing price of $ 2.73, representing a 172.55 % increase from the 52 week low of $ 1.02 and a 33.81 % decrease over the 52 week high of $ 4.20.
The company has a market capital of $ 114.99 million and is part of the Consumer Defensive sector and Tobacco industry.
Greenlane Holdings, Inc. distribute consumption accessories and vaporization products to wholesale and retail customers in the United States and Canada. The company offers vaporizers and parts, cleaning products, grinders and storage containers, pipes, rolling papers, and customized lines of specialty packaging.
