Canopy Growth Corp (TSX: WEED) (NASDAQ: CGC) announced that they will be reporting their fiscal fourth quarter financials before market open on June 1st.
Analysts have a consensus C$37.76 12-month price target on the company, via a total of 15 analysts, with one analyst having a strong buy rating, and two analysts have a buy rating. Eight analysts have a hold rating and four analysts have a strong sell rating. The street high comes from Desjardins with a C$55 price target, and the lowest target comes from Stifel GMP with a C$21 price target.
15 analysts have revenue estimates for the fourth quarter. The mean between all 15 is C$151.77 million; this number has been revised slightly downwards from C$158.68 million at the start of the year. The street high is C$169.11 million while the lowest sits at C$140 million.
Five analysts have estimates for what this quarter’s gross profit margin will be. They expect the profit margin to come in at 26.23%, with this number being revised slightly downwards from 28% at the start of the year. Street high goes to Stifel-GMP with a 28% estimate and the lowest sits at 18%.
Onto EBITDA estimates, there are currently 13 analysts who have fourth quarter EBITDA estimates. The mean is currently (C$64.73) million, with this number being lower at the start of the year. Street high goes to Oppenheimer with a (C$41.41) million EBITDA estimate and the lowest being a (C$84.53) million estimate.
Information for this briefing was found via Sedar and Canopy Growth. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
