Canopy Growth (CGC) Scheduled to Post Earnings on Friday

Canopy Growth (NASDAQ:CGC) will be releasing its earnings data before the market opens on Friday, November 8th. Analysts expect Canopy Growth to post earnings of ($0.38) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Canopy Growth (NASDAQ:CGC) last released its quarterly earnings data on Friday, August 9th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.06). Canopy Growth had a negative net margin of 240.19% and a negative return on equity of 73.30%. The business had revenue of $48.39 million for the quarter, compared to analysts’ expectations of $51.82 million. 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 Up 1.8 %

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

Wall Street Analyst Weigh In

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

Canopy Growth Company Profile

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.