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

• Canopy Growth Corp WEED.TO reported a quarterly adjusted loss of 22 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of C$-1.60. The mean expectation of four analysts for the quarter was for a loss of 18 cents per share. Wall Street expected results to range from -20 cents to -16 cents per share.

• Revenue fell 6.2% to C$72.13 million from a year ago; analysts expected C$65.70 million.

• Canopy Growth Corp's reported EPS for the quarter was a loss of C$1.47​.

• The company reported a quarterly loss of C$220.79 million.

• Canopy Growth Corp shares had fallen by 13.9% this quarter and lost 61.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 "hold" and the breakdown of recommendations is no "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• Wall Street's median 12-month price target for Canopy Growth Corp is $3.65, about 71.2% above its last closing price of $1.05

This summary was machine generated from LSEG data August 8 at 02:15 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)