Canopy Growth (CGC) to Report Q4 Earnings: What's in Store?
Zacks Investment Research | May 27, 2020 09:40PM ET
Canopy Growth (NYSE:CGC) Corp CGC is scheduled to report fourth quarter and fiscal year 2020 ended Mar 31, results on May 29, before market open.
In the third quarter of fiscal 2020, the company's loss per share of 27 cents was narrower than the Zacks Consensus Estimate of a loss of 36 cents. The company missed estimates in two of the trailing four quarters and surpassed estimates in the other two, the average negative surprise being 113.03%.
Let's take a look at how things are shaping up prior to this announcement.
Factors to Note
Lately, Canopy Growth has been seeing robust performance by its key business segment - Cannabis Therapy.
The company is well positioned in the Canadian recreational cannabis market on robust customer demand. Per the company’s third-quarter earnings call, its sales of dried flower remained strong across all price ranges, thus boosting same-store retail sales. Notably, continued strong demand was witnessed for Canopy Growth’s value price TWD strain as well as premium strains. This is expected to have continued in the fiscal fourth quarter as well.
Canopy Growth Corporation Price and EPS Surprise
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