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Stock impact report

Why the Market Dipped But Canopy Growth Corporation (CGC) Gained Today [Yahoo! Finance]

Canopy Growth Corporation - Common Shares (CGC) 
Company Research Source: Yahoo! Finance
Canopy Growth Corporation (CGC) ended the recent trading session at $4.57, demonstrating a +1.11% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.13% loss on the day. Elsewhere, the Dow gained 0.33%, while the tech-heavy Nasdaq lost 0.39%. Coming into today, shares of the company had lost 12.74% in the past month. In that same time, the Medical sector lost 2.05%, while the S&P 500 gained 2.43%. Analysts and investors alike will be keeping a close eye on the performance of Canopy Growth Corporation in its upcoming earnings disclosure. The company is predicted to post an EPS of -$0.35, indicating an 80.56% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $47.12 million, indicating a 9.18% decrease compared to the same quarter of the previous year. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$2.24 per share and a revenue of $204.1 mil Show less Read more
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