On January 2, the first market day in 2019, most cannabis stocks ended in the green. Aphria rose nearly 3.8%—a positive start for the company in the new year. Overall, the cannabis sector broadly ended the first market day in the positive territory. The Horizons Marijuana Life Science ETF (HMMJ) rose nearly 5.6%. Except for Tilray (TLRY), Cronos Group (CRON), Canopy Growth (WEED) (CGC), and CannTrust (CNTTF) were all higher on January 2.

In this series, we’ll discuss analysts’ expectations for Aphria’s second-quarter earnings next week. We’ll discuss analysts’ estimates for three key financial metrics—revenues, margins, and EPS. Most cannabis companies missed analysts’ estimates in the last quarterly update.