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

• Canopy Growth Corp WEED reported a quarterly adjusted loss of 1 cent​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of C$-1.48. The mean expectation of three analysts for the quarter was for a loss of 11 cents per share. Wall Street expected results to range from -12 cents to -11 cents per share.

• Revenue rose 5.9% to C$66.68 million from a year ago; analysts expected C$72.13 million.

• Canopy Growth Corp's reported EPS for the quarter was a loss of 1 cent​.

• The company reported a quarterly loss of C$1.64 million.

• Canopy Growth Corp shares had fallen by 25.3% this quarter and lost 60.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 32.7% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• Wall Street's median 12-month price target for Canopy Growth Corp is $3.65, about 70.1% above its last closing price of $1.09

This summary was machine generated from LSEG data November 7 at 02:31 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)