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Stock impact report

Canopy Growth Corporation (CGC) Surpasses Market Returns: Some Facts Worth Knowing [Yahoo! Finance]

Canopy Growth Corporation - Common Shares (CGC) 
Company Research Source: Yahoo! Finance
This move outpaced the S&P 500's daily gain of 0.09%. Meanwhile, the Dow gained 0.09%, and the Nasdaq, a tech-heavy index, added 0.3%. Prior to today's trading, shares of the company had lost 21.82% over the past month. This has lagged the Medical sector's gain of 1.69% and the S&P 500's gain of 3.38% in that time. The investment community will be paying close attention to the earnings performance of Canopy Growth Corporation in its upcoming release. It is anticipated that the company will report an EPS of -$0.32, marking a 20% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $53.69 million, showing a 33.67% drop compared to the year-ago quarter. For the annual period, the Zacks Consensus Estimates anticipate earnings of -$1.08 per share and a revenue of $220.89 million, signifying shifts of +73.33% and -9.65%, respectively, from the last year. Furthermore, it would be beneficial for investors to mo Show less Read more
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