Canopy Growth Corp <WEED.TO> expected to post a loss of 45 cents a share - Earnings Preview
Canopy Growth Corp WEED.TO is expected to show a fall in quarterly revenue when it reports results on May 30 for the period ending March 31 2024
The Smiths Falls Ontario-based company is expected to report a 17.4% decrease in revenue to C$72.313 million from C$87.54 million a year ago, according to the mean estimate from 9 analysts, based on LSEG data. (Majority is on Net Revenue basis)
LSEG's mean analyst estimate for Canopy Growth Corp is for a loss of 45 cents per share.
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 mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Canopy Growth Corp is $5.00, below its last closing price of $9.18.
Previous quarterly performance (using preferred earnings measure in Canadian dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Dec. 31 2023 | -0.57 | -0.50 | -2.62 | Missed | -428.7 |
Jan. 1 2023 | -1.71 | -1.68 | -4.30 | Missed | -156.4 |
Jun. 30 2023 | -1.69 | -1.71 | -0.70 | Beat | 59 |
Jan. 1 0001 | -1.91 | -1.99 | -12.80 | Missed | -541.7 |
Dec. 31 2022 | -2.31 | -2.32 | -5.40 | Missed | -133.1 |
Sep. 30 2022 | -2.74 | -2.69 | -4.70 | Missed | -74.5 |
Jun. 30 2022 | -2.84 | -2.85 | -8.90 | Missed | -211.9 |
Mar. 31 2022 | -3.08 | -3.17 | -14.60 | Missed | -360.9 |
This summary was machine generated May 28 at 13:20 GMT. 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)
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