Canopy Growth Corp reports results for the quarter ended in June - Earnings Summary
Canopy Growth Corp WEED.TO reported quarterly adjusted earnings of 3 cents per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of -70 cents. The mean expectation of six analysts for the quarter was for a loss of 47 cents per share. Wall Street expected results to range from -60 cents to -37 cents per share.
Revenue fell 39.1% to C$66.21 million from a year ago; analysts expected $71.22 million.
Canopy Growth Corp shares had risen by 7.3% this quarter and gained 35.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 41% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy," 1 "hold" and 3 "sell" or "strong sell."
The average consensus recommendation for the pharmaceuticals peer group is also "sell"
Wall Street's median 12-month price target for Canopy Growth Corp is $5.00
This summary was machine generated from LSEG data August 9 at 01:30 p.m. UTC. All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2024 | -0.47 | 0.03 | Beat |
Mar. 31 2024 | -0.45 | -1.03 | Missed |
Dec. 31 2023 | -0.50 | -2.62 | Missed |
Sep. 30 2023 | -1.68 | -4.30 | Missed |
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