Cover Progress Company CGC will launch its fourth-quarter earnings outcomes earlier than the opening bell on Friday, Might 30.
Analysts count on the Smiths Falls, Canada-based firm to report a quarterly loss at 20 cents per share. In keeping with information from Benzinga Professional, Cover Progress initiatives to report quarterly income at $71.83 million.
On April 1, the corporate introduced that it strengthened its stability sheet with early prepayment of its senior secured time period mortgage. Cover mentioned it made an elective early prepayment of $100 million underneath its senior secured time period mortgage. The prepayment leads to curiosity expense financial savings of roughly $13 million on an annualized foundation.
Cover Progress shares fell 3.4% to shut at $1.71 on Thursday.
Benzinga readers can entry the most recent analyst scores on the Analyst Inventory Rankings web page. Readers can type by inventory ticker, firm identify, analyst agency, ranking change or different variables.
Let’s take a look at how Benzinga’s most-accurate analysts have rated the corporate within the current interval.
- Zuanic & Associates analyst Pablo Zuanic initiated protection on the inventory with a Impartial ranking on March 27, 2025. This analyst has an accuracy price of fifty%.
- Piper Sandler analyst Michael Lavery maintained an Underweight ranking and minimize the value goal from $3 to $2 on July 9, 2024. This analyst has an accuracy price of 66%.
Contemplating shopping for CGC inventory? Right here’s what analysts assume:
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