SNDL (NASDAQ:SNDL – Get Free Report) released its quarterly earnings data on Tuesday. The company reported ($0.02) earnings per share (EPS) for the quarter, FiscalAI reports. SNDL had a negative return on equity of 1.02% and a negative net margin of 1.19%.The business had revenue of $165.94 million during the quarter, compared to analysts’ expectations of $166.26 million.
SNDL Stock Up 8.4%
SNDL opened at $1.35 on Tuesday. SNDL has a one year low of $1.24 and a one year high of $2.89. The company has a market cap of $347.49 million, a price-to-earnings ratio of -45.00 and a beta of 0.92. The business’s fifty day moving average is $1.38 and its two-hundred day moving average is $1.45. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.25 and a current ratio of 4.84.
Institutional Investors Weigh In On SNDL
Several institutional investors and hedge funds have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership increased its holdings in SNDL by 718.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,622,786 shares of the company’s stock valued at $12,325,000 after acquiring an additional 4,057,790 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of SNDL in the third quarter valued at about $5,039,000. HRT Financial LP purchased a new stake in shares of SNDL in the fourth quarter valued at about $1,346,000. Lazard Asset Management LLC acquired a new stake in shares of SNDL in the third quarter valued at approximately $2,130,000. Finally, Millennium Management LLC grew its position in shares of SNDL by 120.1% in the fourth quarter. Millennium Management LLC now owns 1,156,161 shares of the company’s stock valued at $1,919,000 after purchasing an additional 630,870 shares during the last quarter.
Key Stories Impacting SNDL
- Positive Sentiment: Parallel acquisition expands U.S. footprint: Through its Sunstream joint venture, SNDL completed the acquisition of assets from Parallel, adding 56 retail locations and three cultivation and manufacturing facilities across Florida, Texas and Massachusetts. The assets generate approximately US$150 million in annualized revenue and expand SNDL’s supported retail network to 249 stores. SNDL Announces Completion of Parallel Asset Acquisition
- Positive Sentiment: Restructuring reduces legacy debt: The Parallel transaction extinguished approximately US$842 million of Parallel’s debt obligations, creating a more sustainable capital structure. SNDL also said it maintains strong liquidity and has accelerated share repurchases, both supportive signals for investors. SNDL Reports Second Quarter 2026 Results
- Neutral Sentiment: Potential future consolidation: SNDL expects it may convert its current indirect exposure into direct, consolidated holdings in the coming months. That could give the Nasdaq-listed company direct exposure to U.S. medical cannabis operations, but the outcome depends on legal, regulatory, accounting and Nasdaq requirements.
- Neutral Sentiment: Quarterly filing confirms results: SNDL filed its July Form 6-K containing the second-quarter interim financial statements. SNDL Files July Form 6-K
- Negative Sentiment: Profitability remains a concern: SNDL reported a quarterly loss of $0.02 per share, while revenue of $165.94 million was slightly below the $166.26 million consensus estimate. The company continues to report negative profitability metrics, limiting the immediate fundamental benefit of the expansion.
Wall Street Analysts Forecast Growth
SNDL has been the topic of several research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of SNDL in a research report on Thursday, June 11th. Zacks Research upgraded shares of SNDL from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $5.00.
Read Our Latest Stock Report on SNDL
SNDL Company Profile
SNDL Inc, formerly known as Sundial Growers Inc, is a Canada-based consumer packaged goods company focused on the production, manufacturing and distribution of cannabis products. Headquartered in Calgary, Alberta, SNDL operates multiple cultivation and processing facilities across Canada, including indoor and hybrid greenhouses in British Columbia and Ontario. The company serves both adult-use and medical cannabis markets, supplying provincial distributors as well as operating through its own wholesale and retail networks.
The company’s product portfolio spans dried flower, pre-rolls, vape cartridges, cannabis oils, edibles and infused beverages under a variety of in-house brands.
Featured Stories
- Five stocks we like better than SNDL
- Middleby Is Betting a Leaner Business Can Unlock More Value
- 3 Value ETFs to Consider as Growth Stocks Lag Behind
- Wintrust: A Quiet Regional Bank Posting Loud Results
- AirJoule’s Kubota Deal Is a Major Validation—But the Hard Part Comes Next
Receive News & Ratings for SNDL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SNDL and related companies with MarketBeat.com's FREE daily email newsletter.
