Atb Cap Markets Predicts Reduced Earnings for Cresco Labs

Cresco Labs Inc. (OTCMKTS:CRLBF) – Analysts at Atb Cap Markets dropped their FY2024 earnings estimates for Cresco Labs in a report issued on Sunday, November 10th. Atb Cap Markets analyst F. Gomes now expects that the company will earn ($0.20) per share for the year, down from their prior forecast of ($0.17). The consensus estimate for Cresco Labs’ current full-year earnings is ($0.19) per share. Atb Cap Markets also issued estimates for Cresco Labs’ Q4 2024 earnings at ($0.03) EPS and FY2025 earnings at ($0.09) EPS.

A number of other research firms also recently weighed in on CRLBF. Needham & Company LLC reissued a “hold” rating on shares of Cresco Labs in a report on Monday, August 12th. Ventum Cap Mkts upgraded shares of Cresco Labs to a “strong-buy” rating in a research note on Friday, August 9th. Finally, Roth Capital upgraded shares of Cresco Labs to a “strong-buy” rating in a research report on Sunday. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $2.50.

Cresco Labs Price Performance

OTCMKTS CRLBF opened at $1.44 on Wednesday. The stock has a market capitalization of $702.92 million, a price-to-earnings ratio of -7.10 and a beta of 1.88. Cresco Labs has a 1-year low of $1.02 and a 1-year high of $2.65. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.00 and a quick ratio of 1.30. The business’s fifty day moving average price is $1.58 and its 200-day moving average price is $1.71.

Cresco Labs Company Profile

Cresco Labs Inc, together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. It provides cannabis in flowers, vape pens, live resins, disposable pens, and extracts under the Cresco brand; vape carts, vape pens, flower, popcorn, shake, pre-rolls, shorties, and concentrates under the High Supply brand; vapes and gummies under the Good News brand; vapes and edibles under the Wonder Wellness Co brand; and tinctures, capsules, salves, and sublingual oils under the Remedi brand.