Roth Capital Has Weak Outlook for Canopy Growth Q4 Earnings

Canopy Growth Corporation (NASDAQ:CGC) – Stock analysts at Roth Capital cut their Q4 2026 earnings estimates for shares of Canopy Growth in a research note issued to investors on Sunday, November 9th. Roth Capital analyst W. Kirk now expects that the company will earn $0.04 per share for the quarter, down from their prior forecast of $0.07. 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 2027 earnings at ($0.01) EPS, Q4 2027 earnings at $0.09 EPS and FY2027 earnings at $0.06 EPS.

Other equities analysts have also issued reports about the company. Zacks Research upgraded Canopy Growth to a “hold” rating in a research report on Tuesday, August 12th. Wall Street Zen upgraded shares of Canopy Growth from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Benchmark raised shares of Canopy Growth from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Canopy Growth in a report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Strong Sell”.

Canopy Growth Trading Down 0.8%

NASDAQ CGC opened at $1.19 on Tuesday. The company has a quick ratio of 2.12, a current ratio of 5.50 and a debt-to-equity ratio of 0.31. The stock’s 50-day simple moving average is $1.35 and its two-hundred day simple moving average is $1.35. Canopy Growth has a twelve month low of $0.77 and a twelve month high of $4.25. The company has a market capitalization of $285.42 million, a price-to-earnings ratio of -0.61 and a beta of 0.82.

Canopy Growth (NASDAQ:CGC) last posted its quarterly earnings data on Friday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.10. The company had revenue of $47.86 million during the quarter, compared to the consensus estimate of $71.82 million. Canopy Growth had a negative net margin of 113.21% and a negative return on equity of 61.97%.

Insider Transactions at Canopy Growth

In related news, insider Christelle Gedeon sold 16,929 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $1.74, for a total value of $29,456.46. Following the sale, the insider directly owned 368,488 shares of the company’s stock, valued at $641,169.12. This trade represents a 4.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Luc Mongeau purchased 27,469 shares of Canopy Growth stock in a transaction that occurred on Monday, September 22nd. The shares were acquired at an average price of $1.82 per share, for a total transaction of $49,993.58. Following the acquisition, the chief executive officer owned 812,368 shares in the company, valued at $1,478,509.76. This trade represents a 3.50% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold 50,300 shares of company stock worth $84,373 in the last 90 days. Corporate insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Canopy Growth

Several hedge funds have recently made changes to their positions in CGC. Tidal Investments LLC raised its holdings in shares of Canopy Growth by 31.5% during the second quarter. Tidal Investments LLC now owns 5,033,793 shares of the company’s stock valued at $6,141,000 after acquiring an additional 1,204,530 shares in the last quarter. Jones Financial Companies Lllp increased its position in Canopy Growth by 10,308.3% during the 1st quarter. Jones Financial Companies Lllp now owns 969,533 shares of the company’s stock valued at $882,000 after purchasing an additional 960,218 shares during the period. Marathon Trading Investment Management LLC bought a new position in Canopy Growth in the 1st quarter worth $276,000. Virtu Financial LLC bought a new position in Canopy Growth in the 1st quarter worth $255,000. Finally, AdvisorShares Investments LLC lifted its position in shares of Canopy Growth by 249.6% in the 3rd quarter. AdvisorShares Investments LLC now owns 322,162 shares of the company’s stock worth $470,000 after purchasing an additional 230,000 shares during the period. 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.