Canopy Growth Corp WEED.TO is expected to show a fall in quarterly revenue when it reports results on November 8 for the period ending September 30 2024
The Smiths Falls Ontario-based company is expected to report a 19.9% decrease in revenue to C$65.751 million from C$82.08 million a year ago, according to the mean estimate from 5 analysts, based on LSEG data.The company's guidance on August 9 2024, for the period ended September 30, was for revenue of C$69.600 million.
LSEG's mean analyst estimate for Canopy Growth Corp is for a loss of 38 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 4.45, below its last closing price of $5.59.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Jun. 30 2024 | -0.47 | -0.46 | -1.60 | Missed | -249.4 |
Mar. 31 2024 | -0.45 | -1.03 | Missed | -130.3 | |
Dec. 31 2023 | -0.57 | -0.50 | -2.62 | Missed | -428.7 |
Sep. 30 2023 | -1.71 | -1.68 | -4.30 | Missed | -156.4 |
Jun. 30 2023 | -1.69 | -1.71 | -0.70 | Beat | 59 |
Mar. 31 2023 | -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 |
This summary was machine generated November 6 at 14:13 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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