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Market Impact: 0.35

Canopy Growth Corporation (CGC) Reports Q4 Loss, Lags Revenue Estimates

Corporate EarningsAnalyst EstimatesCompany Fundamentals

Canopy Growth reported a quarterly loss of $0.17 per share, wider than the Zacks Consensus Estimate of a $0.06 loss. That is an improvement versus the $0.94 per-share loss a year ago, but the company still missed expectations. The print is likely to be a modest negative for the stock given the earnings miss.

Analysis

Canopy Growth reported a quarterly loss of $0.17 per share, wider than the Zacks Consensus Estimate of a $0.06 loss. That is an improvement versus the $0.94 per-share loss a year ago, but the company still missed expectations. The print is likely to be a modest negative for the stock given the earnings miss.

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Market Sentiment

Overall Sentiment

moderately negative

Sentiment Score

-0.35

Ticker Sentiment

CGC-0.45