Roots (TSE:ROO) Lowered to “Sector Perform Under Weight” at National Bank Financial

National Bank Financial cut shares of Roots (TSE:ROO) from an outperfrom under weight rating to a sector perform under weight rating in a research note published on Monday morning. National Bank Financial also issued estimates for Roots’ Q2 2020 earnings at ($0.12) EPS, FY2020 earnings at $0.42 EPS, Q1 2021 earnings at ($0.19) EPS, Q2 2021 earnings at ($0.13) EPS and FY2021 earnings at $0.49 EPS.

Roots (TSE:ROO) last released its earnings results on Wednesday, June 12th. The company reported C($0.17) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.14) by C($0.03). The company had revenue of C$54.35 million for the quarter, compared to the consensus estimate of C$55.55 million.

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