Canopy Growth (CGC) Expected to Announce Quarterly Earnings on Friday

Key Points

• Canopy Growth is expected to announce its Q1 2026 earnings on August 8th, with analysts predicting earnings of ($0.10) per share and revenue of $64.98 million.
• The company's last reported earnings showed a loss of ($0.94) EPS, falling short of estimates, with a negative net margin of 195.76%.
• Jones Financial Companies Lllp significantly increased its stake in Canopy Growth by 10,308.3% during the first quarter, now holding 0.53% of the company.

Canopy Growth (NASDAQ:CGC - Get Free Report) will likely be issuing its Q1 2026 quarterly earnings data before the market opens on Friday, August 8th. Analysts expect the company to announce earnings of ($0.10) per share and revenue of $64.98 million for the quarter.

Canopy Growth (NASDAQ:CGC - Get Free Report) last announced its quarterly earnings results on Friday, May 30th. The company reported ($0.94) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.66). Canopy Growth had a negative net margin of 195.76% and a negative return on equity of 88.54%. The firm had revenue of $45.30 million during the quarter, compared to analyst estimates of $71.84 million. 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 Up 1.9%

Shares of CGC stock traded up $0.02 on Friday, hitting $1.05. The stock had a trading volume of 6,961,015 shares, compared to its average volume of 9,520,000. Canopy Growth has a twelve month low of $0.77 and a twelve month high of $7.21. The firm has a market cap of $215.41 million, a P/E ratio of -0.26 and a beta of 0.68. The company has a current ratio of 3.12, a quick ratio of 2.10 and a debt-to-equity ratio of 0.62. The company has a fifty day moving average price of $1.30 and a two-hundred day moving average price of $1.42.

Hedge Funds Weigh In On Canopy Growth

A hedge fund recently raised its stake in Canopy Growth stock. Goldman Sachs Group Inc. grew its holdings in shares of Canopy Growth Corporation (NASDAQ:CGC - Free Report) by 64.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 330,278 shares of the company's stock after buying an additional 129,620 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.18% of Canopy Growth worth $301,000 at the end of the most recent reporting period. 3.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Piper Sandler reaffirmed an "underweight" rating on shares of Canopy Growth in a research note on Friday, May 30th.

About Canopy Growth

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.