Canopy Growth Corp reports results for the quarter ended September 30 - Earnings Summary
Canopy Growth Corp WEED.TO reported a quarterly adjusted loss of C$1.48 per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $-4.30. The mean expectation of seven analysts for the quarter was for a loss of 44 cents per share. Wall Street expected results to range from -64 cents to -28 cents per share.
Revenue fell 23.3% to C$62.99 million from a year ago; analysts expected C$61.94 million.
Canopy Growth Corp's reported EPS for the quarter was a loss of C$1.48.
The company reported a quarterly loss of C$128.29 million.
Canopy Growth Corp shares had fallen by 3.2% this quarter and lost 6.8% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 1.6% 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 "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 7 "hold" and 3 "sell" or "strong sell."
The average consensus recommendation for the pharmaceuticals peer group is also "hold"
Wall Street's median 12-month price target for Canopy Growth Corp is C$7.88
This summary was machine generated from LSEG data November 8 at 04:14 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 |
Sep. 30 2024 | -0.44 | -1.48 | Missed |
Jun. 30 2024 | -0.46 | -1.60 | Missed |
Mar. 31 2024 | -0.45 | -1.03 | Missed |
Dec. 31 2023 | -0.49 | -2.62 | Missed |
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