Canopy Growth's Earnings Outlook
Canopy Growth's Earnings Outlook
Canopy Growth (NASDAQ:CGC) is set to give its latest quarterly earnings report on Friday, 2024-11-08. Here's what investors need to know before the announcement.
Analysts estimate that Canopy Growth will report an earnings per share (EPS) of $-0.32.
The announcement from Canopy Growth is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
Overview of Past Earnings
In the previous earnings release, the company missed EPS by $0.84, leading to a 0.0% drop in the share price the following trading session.
Here's a look at Canopy Growth's past performance and the resulting price change:
| Quarter | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| EPS Estimate | -0.35 | -0.33 | -0.37 | -1.3 |
| EPS Actual | -1.19 | -0.79 | -2.04 | -1.6 |
| Price Change % | -8.0% | -1.0% | -2.0% | -0.0% |
Stock Performance
Shares of Canopy Growth were trading at $4.41 as of November 06. Over the last 52-week period, shares are down 13.04%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.
To track all earnings releases for Canopy Growth visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
