Canopy Growth Sees Consensus Estimates Point To Q1 2023 Revenues Of C$113 Million
Canopy Growth (TSX: WEED will be reporting its fiscal first quarter financial results tomorrow before the market opens. Analysts have a consensus C$5.20 12-month price target on the company, via a total of 16 analysts, with one analyst having a buy rating.
Seven analysts meanwhile have hold ratings, five analysts have sell ratings and three analysts have strong sell ratings on the stock. The street high comes from MKM Partners with a C$13.00 price target, and the lowest target sits at C$2.50.
13 analysts have revenue estimates for the first quarter. The mean revenue estimate between all 13 analysts is C$113 million; this number has been revised downwards continually since the start of the year. The highest revenue estimate is C$120.2 million, while the lowest is C$108.2 million.
Onto EBITDA estimates, there are currently 12 analysts who have first-quarter EBITDA estimates. The mean is currently -C$74.14 million. The estimate has been revised lower since the start of the year. Street high is an estimated -C$12.83 million EBITDA, and the lowest is -C$106 million.
Analysts estimate that quarterly earnings per share will come in at -C$0.29, down from the -C$0.20 estimate at the start of the year. The street high estimate is -C$0.23, and the lowest estimate is -C$0.33 per share for the quarter.
Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
