Canopy Growth Corp surprises investors with a positive earnings report, showing signs of recovery amidst a challenging landscape.
On August 7, 2026, Canopy Growth Corp (WEED.TO) reported its fiscal Q4 earnings for the period ending June 30, 2026. The company posted an earnings per share (EPS) of -$0.02, which was better than the analyst expectations of -$0.03, marking a notable surprise of 33.3%. This performance indicates a potential turnaround for the cannabis company, which has faced significant challenges in the past few quarters.
Recent earnings trend
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Canopy Growth Corp
WEED.TO
WEED.TO
Canopy Growth Corp
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Market cap
$614.33M
52W high
$3.28
52W low
$1.18
1W change
+6.20%
Beta
2.41
Analyst Price Targets
Based on analyst covering WEED
Wall Street analysts forecast WEED stock price to rise 47.4% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$2.02
+47.4% Upside
Current Price
C$1.37
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
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Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on WEED's historical volatility
30-Day Vol
40.6%
Annualized
90-Day Vol
62.1%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$1.15
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$1.29 | C$1.12 โ C$1.48 |
| 60 trading days | C$1.22 | C$1.00 โ C$1.48 |
| 90 trading days | C$1.15 | C$0.90 โ C$1.46 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 3 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 2 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-06 | โ | -0.0300 | โ |
| 2026-06-30 | 2026-08-07 | -0.0200 | -0.0300 | +33.3% |
| 2025-12-31 | 2026-02-06 | -0.1400 | -0.0500 | -180.0% |
| 2025-09-30 | 2025-11-07 | 0.0030 | -0.1100 | +102.7% |
| 2025-06-30 | 2025-08-08 | -0.1900 | -0.1200 | -58.3% |
| 2025-03-31 | 2025-05-30 | -1.3200 | -0.2000 | -560.0% |
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Investor takeaway: Despite a still-negative EPS, Canopy's ability to beat estimates signals positive momentum and may restore some investor confidence. With revenue growth anticipated and an improving consensus outlook, this could be a pivotal moment for the company.
Bull case
Analysts are optimistic about Canopy's growth prospects, predicting revenue of $87.74 million, which reflects a 21.6% increase compared to last year. The company's strategic initiatives, including a recent $200 million at-the-market program, are expected to strengthen its financial position and support future growth.
Bear case
While the recent earnings beat is encouraging, Canopy's ongoing negative EPS and a significant profit margin loss of -79.22% raise concerns. Investors should remain cautious, as the company must show sustained operational improvements to regain market trust.
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