Canopy Growth (CGC) Scheduled to Post Earnings on Friday

Canopy Growth (NASDAQ:CGC) is set to issue its quarterly earnings data before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of ($0.38) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Canopy Growth (NASDAQ:CGC) last issued its earnings results on Friday, August 9th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.06). The business had revenue of $48.39 million for the quarter, compared to the consensus estimate of $51.82 million. Canopy Growth had a negative net margin of 240.19% and a negative return on equity of 73.30%. On average, analysts expect Canopy Growth to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Canopy Growth Stock Performance

Shares of CGC opened at $5.59 on Wednesday. The business’s 50 day moving average is $4.71 and its 200 day moving average is $6.71. Canopy Growth has a 12-month low of $2.76 and a 12-month high of $14.92. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.15 and a quick ratio of 1.64.

Analyst Upgrades and Downgrades

Separately, Piper Sandler decreased their target price on Canopy Growth from $3.00 to $2.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 9th.

About Canopy Growth

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in the United States, Canada, Germany, and internationally. It operates through Canada Cannabis, International Markets Cannabis, and Storz & Bickel segments.