Canopy Growth (NASDAQ:CGC – Get Free Report) will announce its earnings results before the market opens on Friday, August 9th. Analysts expect the company to announce earnings of ($0.31) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Canopy Growth (NASDAQ:CGC – Get Free Report) last announced its earnings results on Thursday, May 30th. The company reported ($0.28) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.05. Canopy Growth had a negative net margin of 185.77% and a negative return on equity of 62.67%. The business had revenue of $53.99 million during the quarter, compared to the consensus estimate of $52.71 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 Price Performance
Shares of CGC opened at $6.39 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.25 and a current ratio of 1.58. The company has a market capitalization of $517.59 million, a price-to-earnings ratio of -1.00 and a beta of 0.93. Canopy Growth has a fifty-two week low of $2.76 and a fifty-two week high of $19.20. The firm has a 50-day simple moving average of $7.07 and a 200-day simple moving average of $6.76.
Insider Activity at Canopy Growth
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on CGC shares. 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 report on Tuesday, July 9th. Atb Cap Markets upgraded shares of Canopy Growth to a “hold” rating in a research report on Monday, June 17th.
View Our Latest Analysis on Canopy Growth
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 Canada, the United States, and Germany. It operates through two segments, Global Cannabis and Other Consumer Products.
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