Canopy Growth Earnings Preview
Portfolio Pulse from Benzinga Insights
Canopy Growth (NASDAQ:CGC) is scheduled to release its quarterly earnings report on February 9, 2024, with an expected EPS of $-0.37. The company's past earnings performance shows a history of not meeting EPS estimates, leading to varying degrees of stock price changes. Shares are currently trading at $4.32, reflecting an 81.49% decrease over the last year. Investors are looking for positive guidance for the next quarter, which could significantly impact the stock price.
February 08, 2024 | 3:01 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Canopy Growth is expected to report an EPS of $-0.37 for the upcoming quarter. Historical performance shows a trend of not meeting EPS estimates, affecting stock prices. The stock has seen an 81.49% decrease over the last year, with investors closely watching for positive future guidance.
Given Canopy Growth's history of not meeting EPS estimates and the significant impact of guidance on stock prices, the upcoming earnings report is crucial. The stock's substantial decrease over the past year places additional emphasis on the need for positive future guidance to potentially reverse the negative trend. However, the uncertainty surrounding the company's ability to meet or exceed expectations and provide positive guidance makes the short-term impact neutral.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100