Canopy Growth Corp reports results for the quarter ended December 31 - Earnings Summary

• Canopy Growth Corp WEED.TO reported a quarterly adjusted loss of C$1.11​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of C$-2.62. The mean expectation of four analysts for the quarter was for a loss of 56 cents per share. Wall Street expected results to range from -89 cents to -23 cents per share.

• Revenue rose 9.9% to C$86.24 million from a year ago; analysts expected C$69.31 million.

• Canopy Growth Corp's reported EPS for the quarter was a loss of C$1.11​.

• The company reported a quarterly loss of C$121.9 million.

• Canopy Growth Corp shares had risen by 1.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 10.6% 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 "sell" and the breakdown of recommendations is no "strong buy" or "buy," 1 "hold" and 2 "sell" or "strong sell."

• The average consensus recommendation for the pharmaceuticals peer group is also "sell"

Wall Street's median 12-month price target for Canopy Growth Corp is $4.76

This summary was machine generated from LSEG data February 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)