Canopy Growth (CGC) Scheduled to Post Quarterly Earnings on Friday

Canopy Growth (NASDAQ:CGC) will release its earnings data before the market opens on Friday, November 8th. Analysts expect Canopy Growth to post earnings of ($0.38) per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Canopy Growth (NASDAQ:CGC) last posted its quarterly earnings data on Friday, August 9th. The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.06). Canopy Growth had a negative net margin of 240.19% and a negative return on equity of 73.30%. The business had revenue of $48.39 million during the quarter, compared to analyst estimates of $51.82 million. On average, analysts expect Canopy Growth to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Canopy Growth Price Performance

Shares of CGC opened at $4.41 on Thursday. The company has a market capitalization of $413.94 million, a price-to-earnings ratio of -0.63 and a beta of 0.87. Canopy Growth has a fifty-two week low of $2.76 and a fifty-two week high of $14.92. The firm has a 50-day simple moving average of $4.71 and a 200-day simple moving average of $6.70. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.64 and a current ratio of 2.15.

About Canopy Growth

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in the United States, Canada, Germany, and internationally. It operates through Canada Cannabis, International Markets Cannabis, and Storz & Bickel segments.