Q1 EPS Estimates for Canopy Growth Decreased by Roth Capital

Canopy Growth Co. (NASDAQ:CGC - Free Report) - Roth Capital reduced their Q1 2026 earnings per share estimates for Canopy Growth in a note issued to investors on Sunday, June 1st. Roth Capital analyst W. Kirk now anticipates that the company will post earnings per share of ($0.09) for the quarter, down from their prior estimate of ($0.08). The consensus estimate for Canopy Growth's current full-year earnings is ($2.81) per share. Roth Capital also issued estimates for Canopy Growth's Q2 2026 earnings at ($0.08) EPS, Q3 2026 earnings at ($0.08) EPS, Q4 2026 earnings at $0.08 EPS and FY2026 earnings at ($0.17) EPS.

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

Canopy Growth Stock Up 5.4%

CGC traded up $0.07 during midday trading on Wednesday, reaching $1.37. The company's stock had a trading volume of 7,506,682 shares, compared to its average volume of 5,907,858. The stock's 50-day moving average is $1.29 and its 200-day moving average is $1.98. Canopy Growth has a 1 year low of $0.77 and a 1 year high of $8.65. The firm has a market capitalization of $251.90 million, a price-to-earnings ratio of -0.36 and a beta of 0.79. The company has a current ratio of 3.52, a quick ratio of 2.58 and a debt-to-equity ratio of 0.74.

Canopy Growth (NASDAQ:CGC - Get Free Report) last announced its quarterly earnings data on Friday, May 30th. The company reported ($0.94) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.66). Canopy Growth had a negative net margin of 156.98% and a negative return on equity of 56.52%. The company had revenue of $45.30 million during the quarter, compared to the consensus estimate of $71.84 million.

Institutional Investors Weigh In On Canopy Growth

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CGC. Jones Financial Companies Lllp boosted its position in shares of Canopy Growth by 10,308.3% in the first quarter. Jones Financial Companies Lllp now owns 969,533 shares of the company's stock worth $882,000 after purchasing an additional 960,218 shares during the period. Marathon Trading Investment Management LLC purchased a new stake in Canopy Growth in the 1st quarter worth $276,000. Virtu Financial LLC bought a new stake in Canopy Growth during the first quarter valued at about $255,000. Tidal Investments LLC lifted its position in shares of Canopy Growth by 12.5% in the fourth quarter. Tidal Investments LLC now owns 2,263,873 shares of the company's stock valued at $6,203,000 after acquiring an additional 251,659 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Canopy Growth in the fourth quarter worth about $587,000. 3.33% of the stock is owned by hedge funds and other institutional investors.

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.