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CGC
Benzinga
81 days

Canopy Growth Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

1. CGC to report Q4 earnings on May 30 with projected $71.83 million revenue. 2. Analysts expect CGC to incur a quarterly loss of 20 cents per share. 3. Strengthened balance sheet through $100 million early loan prepayment saves $13 million. 4. CGC shares fell 3.4% to close at $1.71 before earnings release. 5. Analyst ratings remain neutral to underweight, affecting investor sentiment.

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FAQ

Why Bearish?

The anticipated quarterly loss of 20 cents per share shows continued financial struggle for CGC, reflecting a trend in prior earnings reports. Past examples of negative earnings surprises have led to declines in stock prices.

How important is it?

With CGC’s financial performance being critical for investor confidence, the upcoming earnings report and its anticipated losses have significant potential to influence stock price.

Why Short Term?

Earnings results are imminent, with immediate effects likely on CGC's stock price. Historical earnings results have directly affected stock valuation in the short-term.

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