Canopy Growth (NYSE:CGC) will be releasing its earnings data after the market closes on Thursday, February 14th. Analysts expect Canopy Growth to post earnings of ($0.07) per share for the quarter.
Canopy Growth (NYSE:CGC) last announced its earnings results on Wednesday, November 14th. The marijuana producer reported ($0.76) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.64). The business had revenue of $23.30 million for the quarter, compared to analyst estimates of $59.10 million. Canopy Growth had a negative return on equity of 26.32% and a negative net margin of 503.14%. The business’s revenue was up 32.4% on a year-over-year basis. On average, analysts expect Canopy Growth to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of NYSE:CGC opened at $42.94 on Tuesday. The company has a market capitalization of $10.56 billion, a P/E ratio of -134.19 and a beta of 4.46. Canopy Growth has a one year low of $18.93 and a one year high of $59.25.
CGC has been the subject of several research reports. Zacks Investment Research downgraded shares of Canopy Growth from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. Scotiabank initiated coverage on shares of Canopy Growth in a research note on Wednesday, October 17th. They issued a “hold” rating and a $61.00 price objective for the company. Piper Jaffray Companies initiated coverage on shares of Canopy Growth in a research note on Wednesday, January 9th. They issued an “overweight” rating and a $40.00 price objective for the company. Finally, CIBC initiated coverage on shares of Canopy Growth in a research note on Friday, January 18th. They issued an “outperform” rating for the company. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $50.33.
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About Canopy Growth
Canopy Growth Corporation, together with its subsidiaries, engages in growing, possession, and sale of medical cannabis in Canada. Its products include dried flowers, oils and concentrates, softgel capsules, and hemps. The company offers its products under the Tweed, Black Label, Spectrum Cannabis, DNA Genetics, Leafs By Snoop, Bedrocan Canada, CraftGrow, and Foria brand names.
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