Jamieson Wellness Inc (TSX:JWEL) Q3 2024: Everything You Need To Know Ahead Of Earnings

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Nov 06, 2024

Jamieson Wellness Inc (TSX:JWEL, Financial) is set to release its Q3 2024 earnings on Nov 7, 2024. The consensus estimate for Q3 2024 revenue is $173.09 million, and the earnings are expected to come in at $0.47 per share. The full year 2024's revenue is expected to be $739.86 million and the earnings are expected to be $1.55 per share. More detailed estimate data can be found on the Forecast page.

Jamieson Wellness Inc (TSX:JWEL, Financial) Estimate Trends

Over the past 90 days, revenue estimates for Jamieson Wellness Inc (TSX:JWEL) for the full year 2024 have declined from $741.03 million to $739.86 million, and for 2025, from $829.43 million to $829.41 million. Earnings estimates have also seen a reduction, decreasing from $1.57 per share to $1.55 per share for the full year 2024, and from $2.10 per share to $2.06 per share for 2025.

Jamieson Wellness Inc (TSX:JWEL, Financial) Reported History

In the previous quarter of 2024-06-30, Jamieson Wellness Inc's (TSX:JWEL) actual revenue was $184.81 million, which beat analysts' revenue expectations of $182.41 million by 1.31%. Jamieson Wellness Inc's (TSX:JWEL) actual earnings were $0.20 per share, which missed analysts' earnings expectations of $0.39 per share by -48.72%. After releasing the results, Jamieson Wellness Inc (TSX:JWEL) was up by 0.28% in one day.

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Jamieson Wellness Inc (TSX:JWEL, Financial) 12 Month Price Targets

Based on the one-year price targets offered by 7 analysts, the average target price for Jamieson Wellness Inc (TSX:JWEL) is $38.82 with a high estimate of $42 and a low estimate of $36.25. The average target implies an upside of 17.32% from the current price of $33.09.

Based on GuruFocus estimates, the estimated GF Value for Jamieson Wellness Inc (TSX:JWEL, Financial) in one year is $55.34, suggesting an upside of 67.24% from the current price of $33.09.

Based on the consensus recommendation from 7 brokerage firms, Jamieson Wellness Inc's (TSX:JWEL, Financial) average brokerage recommendation is currently 2.0, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

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This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.