5 Things to Expect When Canopy Growth Reports Its Second-Quarter Results
The big day is nearly here. On Thursday, Nov. 14, prior to the opening bell, the largest marijuana stock in the world by market cap, Canopy Growth (NYSE: CGC), will announce its fiscal second-quarter operating results.
What should investors be looking for? According to Wall Street's consensus, Canopy is slated to generate 109.5 million Canadian dollars ($82.8 million) in revenue (note: this estimate is typically for gross revenue, before net excise taxes), up from CA$103.4 million in gross revenue in the sequential first quarter, and produce a loss of CA$0.39 per share. That would be considerably smaller than the CA$1.52 per share lost in the year-ago quarter. For what it's worth, Canopy's loss per share has been considerably larger than Wall Street's expectation in each of the past four quarters.
Of course, this upcoming operating report isn't entirely about Canopy's headline figures. Here are five things I believe investors should expect when Canopy Growth delivers its fiscal second-quarter results tomorrow.
Source Fool.com
