Canopy Growth (CGC) Expected to Announce Earnings on Friday

Key Points

• Canopy Growth is set to announce its Q2 2026 earnings on November 7th, with analysts predicting a loss of ($0.11) per share and revenue of $71.8 million.
• The company's previous earnings release showed a loss of ($0.14) per share, which was better than the expected loss of ($0.15), but revenue fell short at $52.98 million compared to an expectation of $64.98 million.
• Current analyst ratings are predominantly negative, with a consensus rating of "Strong Sell" and several updates from various research firms, including Weiss Ratings reaffirming a sell rating.

Canopy Growth (NASDAQ:CGC - Get Free Report) is expected to be releasing its Q2 2026 results before the market opens on Friday, November 7th. Analysts expect Canopy Growth to post earnings of ($0.11) per share and revenue of $71.8180 million for the quarter. Interested persons are encouraged to explore the company's upcoming Q2 2026 earningoverview page for the latest details on the call scheduled for Friday, November 7, 2025 at 10:00 AM ET.

Canopy Growth (NASDAQ:CGC - Get Free Report) last issued its earnings results on Friday, August 8th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.01. The business had revenue of $52.98 million for the quarter, compared to analyst estimates of $64.98 million. Canopy Growth had a negative return on equity of 89.93% and a negative net margin of 155.76%. On average, analysts expect Canopy Growth to post $-3 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Canopy Growth Trading Down 2.4%

CGC opened at $1.22 on Friday. The firm has a market cap of $292.62 million, a price-to-earnings ratio of -0.40 and a beta of 0.71. Canopy Growth has a 52 week low of $0.77 and a 52 week high of $5.80. The business's 50 day moving average is $1.42 and its two-hundred day moving average is $1.35. The company has a quick ratio of 2.12, a current ratio of 3.07 and a debt-to-equity ratio of 0.59.

Insider Buying and Selling

In related news, CEO Luc Mongeau bought 27,469 shares of the company's stock in a transaction dated Monday, September 22nd. The shares were acquired at an average price of $1.82 per share, with a total value of $49,993.58. Following the completion of the acquisition, the chief executive officer owned 812,368 shares in the company, valued at approximately $1,478,509.76. This trade represents a 3.50% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christelle Gedeon sold 16,929 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $1.74, for a total value of $29,456.46. Following the completion of the transaction, the insider directly owned 368,488 shares in the company, valued at approximately $641,169.12. The trade was a 4.39% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 50,300 shares of company stock worth $84,373. Corporate insiders own 0.16% of the company's stock.

Institutional Trading of Canopy Growth

A number of institutional investors have recently modified their holdings of the business. Two Sigma Securities LLC boosted its stake in shares of Canopy Growth by 4.4% in the second quarter. Two Sigma Securities LLC now owns 280,852 shares of the company's stock valued at $343,000 after buying an additional 11,942 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in shares of Canopy Growth in the second quarter valued at approximately $30,000. Osaic Holdings Inc. boosted its stake in shares of Canopy Growth by 77.6% in the second quarter. Osaic Holdings Inc. now owns 75,335 shares of the company's stock valued at $92,000 after buying an additional 32,927 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Canopy Growth by 64.6% in the first quarter. Goldman Sachs Group Inc. now owns 330,278 shares of the company's stock valued at $301,000 after buying an additional 129,620 shares in the last quarter. Finally, Murchinson Ltd. purchased a new stake in shares of Canopy Growth in the second quarter valued at approximately $183,000. 3.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CGC has been the topic of several research analyst reports. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Canopy Growth in a research report on Wednesday, October 8th. Zacks Research raised Canopy Growth to a "hold" rating in a research report on Tuesday, August 12th. One analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Strong Sell".

Canopy Growth Company Profile

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in the United States, Canada, Germany, and internationally. It operates through Canada Cannabis, International Markets Cannabis, and Storz & Bickel segments.

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