Cover Progress Company CGC will launch its fourth-quarter earnings outcomes earlier than the opening bell on Friday, Could 30.
Analysts count on the Smiths Falls, Canada-based firm to report a quarterly loss at 20 cents per share. Based on information from Benzinga Professional, Cover Progress tasks to report quarterly income at $71.83 million.
On April 1, the corporate introduced that it strengthened its steadiness sheet with early prepayment of its senior secured time period mortgage. Cover mentioned it made an optionally available early prepayment of $100 million beneath its senior secured time period mortgage. The prepayment ends in 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 title, analyst agency, score change or different variables.
Let’s take a look at how Benzinga’s most-accurate analysts have rated the corporate within the latest interval.
- Zuanic & Associates analyst Pablo Zuanic initiated protection on the inventory with a Impartial score on March 27, 2025. This analyst has an accuracy price of fifty%.
- Piper Sandler analyst Michael Lavery maintained an Underweight score and lower 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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