Alliance Global Partners Expects Weaker Earnings for Verano

Verano Holdings Corp. (OTC:VRNOF) – Analysts at Alliance Global Partners decreased their FY2024 EPS estimates for shares of Verano in a report issued on Thursday, November 7th. Alliance Global Partners analyst A. Grey now anticipates that the company will post earnings of ($0.25) per share for the year, down from their previous forecast of ($0.20). Alliance Global Partners also issued estimates for Verano’s Q4 2024 earnings at ($0.05) EPS, Q1 2025 earnings at ($0.05) EPS, Q2 2025 earnings at ($0.05) EPS, Q3 2025 earnings at ($0.05) EPS, Q4 2025 earnings at ($0.04) EPS and FY2025 earnings at ($0.19) EPS.

Separately, Roth Capital upgraded Verano to a “strong-buy” rating in a report on Sunday.

Verano Trading Up 24.2 %

Shares of VRNOF stock opened at $1.90 on Monday. Verano has a 1-year low of $1.42 and a 1-year high of $7.08.

About Verano

Verano Holdings Corp. operates as a vertically-integrated multi-state cannabis operator in the United States. The company produces and sells a suite of cannabis products under the portfolio of consumer brands, including Verano, Avexia, Encore, and MÜV. It designs, builds, and operates dispensaries under the Zen Leaf and MÜV retail brands that delivers a cannabis shopping experience in medical and adult-use markets.