HEXO CORP (HEXO) Forecast, Price Target & Analyst Ratings
NASDAQ:HEXO • CA4283044069
0.71 USD
+0.02 (+2.45%)
At close: Jun 22, 2023
0.69 USD
-0.02 (-2.82%)
After Hours: 6/22/2023, 8:09:01 PM
View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for HEXO CORP (HEXO).
Forecast Snapshot
Consensus Price Target
$1.23
+ 73.10% Upside
Next Earnings Forecast
Release DateOct 31, 2023
PeriodQ4 / 2023
EPS EstimateCA$0.00
Revenue Estimate26.363M
ChartMill Buy Consensus
46.67%
Weighted Analyst Rating Score
Price Target Details & History
Consensus Price Target and Range
Mean target
$1.23
Upside
+ 73.10%
From current price of $0.71 to mean target of $1.23, Based on 12 analyst forecasts
Low
$1.13
Median
$1.24
High
$1.33
Price Target Revisions
1 Month
-0.70%
3 Months
-17.75%
Price Target Summary
12 analysts have analysed HEXO and the average price target is 1.23 USD. This implies a price increase of 73.1% is expected in the next year compared to the current price of 0.71.
The average price target has been revised downward by 17.75% in the past 3 months.
Analyst Ratings & History
Current Analyst Ratings
Analyst Ratings History
Analyst Ratings Consensus
ChartMill Buy Consensus
46.67%
HEXO was analyzed by 12 analysts. The buy percentage consensus is at 47. So analysts seem to be rather neutral about HEXO.
In the previous month the buy percentage consensus was at a similar level.
HEXO was analyzed by 12 analysts, which is quite many. So the average rating should be quite meaningful.
Recent Upgrades & Downgrades
| Date | Firm | Action | From → To |
|---|---|---|---|
| 2023-06-16 | Canaccord Genuity | Maintains | Hold |
| 2022-06-15 | Alliance Global Partners | Downgrade | Buy -> Neutral |
| 2022-03-04 | Cantor Fitzgerald | Maintains | Neutral |
| 2022-03-04 | Canaccord Genuity | Upgrade | Hold -> Speculative Buy |
| 2022-01-27 | Jefferies | Upgrade | Underperform -> Hold |
| 2021-06-15 | ATB Capital | Downgrade | Sector Perform -> Underperform |
| 2021-06-15 | Stifel Nicolaus | Downgrade | |
| 2021-06-15 | Alliance Global Partners | Upgrade | |
| 2021-06-15 | CIBC World Markets | Downgrade | Outperform |
| 2021-06-15 | Canaccord Genuity | Downgrade | |
| 2021-06-14 | CIBC World Markets | Initiate | Outperform |
| 2021-05-31 | CIBC World Markets | Upgrade | Outperform |
| 2021-05-18 | CIBC World Markets | Maintains | Outperform |
| 2021-03-19 | MKM Partners | Upgrade | Strong-Buy |
| 2021-03-19 | CIBC World Markets | Downgrade | Strong Buy |
| 2021-02-19 | Standpoint Research | Upgrade | |
| 2021-02-18 | CIBC World Markets | Upgrade |
Next Earnings Forecast Details
Next Earnings Details
Release DateOct 31, 2023
PeriodQ4 / 2023
EPS EstimateCA$0.00
Revenue Estimate26.363M
Revenue Q2Q-38.09%
EPS Q2Q100.00%
Number of Analysts5
Next Earnings Revisions
Revenue (1 Month)
0.00%
Revenue (3 Months)
0.39%
EPS (1 Month)
N/A
EPS (3 Months)
N/A
Next Earnings Summary
HEXO is expected to report earnings on 10/31/2023. The consensus EPS estimate for the next earnings is 0 USD and the consensus revenue estimate is 26.36M USD.
The next earnings revenue estimate has been revised upward by 0.39% in the past 3 months.
Full Analyst Estimates
Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2030 | ||
|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY % growth | 80.78M 69.92% | 123.769M 53.22% | 191.103M 54.40% | 114.16M -40.26% | 121.78M 6.67% | 144.34M 18.53% | 158.02M 9.48% | 570.22M | |
| EBITDA YoY % growth | -138.54M -59.96% | -46.434M 66.48% | -196.474M -323.13% | -4.386M 97.77% | 7.648M 274.36% | 14.613M 91.07% | 25.722M 76.02% | 93.872M | |
| EBIT YoY % growth | -152.12M -68.78% | -63.182M 58.47% | -246.117M -289.54% | -78.625M 68.05% | -28.77M 63.41% | -20.53M 28.64% | -4.714M 77.04% | N/A | |
| Operating Margin | -188.31% | -51.05% | -128.79% | -68.87% | -23.62% | -14.22% | -2.98% | N/A | |
| EPS YoY % growth | -674.24 -138.89% | -174.44 74.13% | -380.24 -117.98% | -0.45 99.88% | -0.71 -59.09% | -0.62 12.86% | -0.05 91.77% | N/A |
All data in CAD
Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates
| Q4 / 23 | Q1 / 24 | Q2 / 24 | Q3 / 24 | Q4 / 24 | |
|---|---|---|---|---|---|
| EPS Q2Q % growth | 0.00 100.00% | -0.18 -104.00% | -0.18 29.38% | -0.17 81.41% | -0.17 |
| Revenue Q2Q % growth | 26.363M -38.09% | 30.001M -16.13% | 29.395M 21.66% | 30.456M 41.10% | 31.518M 19.55% |
| EBITDA Q2Q % growth | -498.78K 96.86% | -125.46K 98.85% | -301.92K 95.96% | 6.12K 100.07% | 314.16K 162.99% |
| EBIT Q2Q % growth | -3.313M 94.94% | -9.537M 50.59% | -9.763M 50.95% | -9.507M 62.29% | -9.25M -179.25% |
All data in CAD
Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data
Long Term Forward Growth Forecast Summary
Long Term EPS Growth (CAGR)
EPS Next 3 Year
25.96%
EPS Next 5 Year
18.92%
Long Term Revenue Growth (CAGR)
Revenue Next 3 Year
-9.95%
Revenue Next 5 Year
-5.44%
Long Term EBIT Growth (CAGR)
EBIT Next 3 Year
26.30%
EBIT Next 5 Year
19.30%
HEXO CORP / HEXO Forecast FAQ
Can you provide the average price target for HEXO CORP stock?
12 analysts have analysed HEXO and the average price target is 1.23 USD. This implies a price increase of 73.1% is expected in the next year compared to the current price of 0.71.
When does HEXO CORP (HEXO) report earnings?
HEXO CORP (HEXO) will report earnings on 2023-10-31, after the market close.
Can you provide the consensus estimates for HEXO CORP next earnings?
The consensus EPS estimate for the next earnings of HEXO CORP (HEXO) is 0 USD and the consensus revenue estimate is 26.36M USD.
How do analysts rate HEXO CORP (HEXO)?
The consensus rating for HEXO CORP (HEXO) is 46.6667 / 100 . This indicates that analysts generally have a neutral outlook on the stock.