Replies to post #126008 on Canopy Growth Corp (WEED)

[john1311]

Canopy Growth stock rises ~7% on eve of Q4 results, will there be a positive surprise?

Canopy Growth (NASDAQ:CGC) stock rose ~7% on May 26 ahead of its quarterly results.

The company is scheduled to announce Q4 earnings results on Friday, May 27th, before market open.

The consensus EPS Estimate is -$0.16 (+91.4% Y/Y) and the consensus Revenue Estimate is $101.74M (-31.5% Y/Y).

Over the last 2 years, CGC has beaten EPS estimates 25% of the time and has beaten revenue estimates 50% of the time.

Over the last 3 months, EPS estimates have seen 1 upward revision and 1 downward. Revenue estimates have seen 0 upward revisions and 9 downward.

Canopy Growth's stock shot up +15.08% on Feb. 9, the day it reported its Q3 results. The company's net loss narrowed even though net revenue declined Y/Y.

https://seekingalpha.com/news/3843174-canopy-growth-stock-rises-7-on-eve-of-q4-results-will-there-be-a-positive-surprise?mailingid=27848686&messageid=2900&serial=27848686.7238&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=27848686.7238