Canopy Growth Corp reports results for the quarter ended September 30 - Earnings Summary

Canopy Growth

08/11/2024 16:15

* 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