Brokers Issue Forecasts for Ascend Wellness FY2024 Earnings

Ascend Wellness Holdings, Inc. (OTC:AAWH) – Equities researchers at Cormark decreased their FY2024 earnings per share (EPS) estimates for Ascend Wellness in a note issued to investors on Wednesday, November 13th. Cormark analyst J. Pytlak now forecasts that the company will earn ($0.41) per share for the year, down from their prior estimate of ($0.35). The consensus estimate for Ascend Wellness’ current full-year earnings is ($0.32) per share. Cormark also issued estimates for Ascend Wellness’ FY2025 earnings at ($0.23) EPS.

Ascend Wellness Stock Performance

Shares of AAWH stock opened at $0.47 on Friday. The firm has a 50 day moving average of $0.82 and a two-hundred day moving average of $0.95. The stock has a market capitalization of $99.66 million, a PE ratio of -1.13 and a beta of 1.69. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.61. Ascend Wellness has a 52 week low of $0.42 and a 52 week high of $1.82.

Ascend Wellness (OTC:AAWH) last announced its earnings results on Tuesday, November 12th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). The firm had revenue of $141.65 million for the quarter, compared to analysts’ expectations of $144.13 million. Ascend Wellness had a negative net margin of 15.47% and a negative return on equity of 72.18%.

Ascend Wellness Company Profile

Ascend Wellness Holdings, Inc engages in the cultivation, manufacture, and distribution of cannabis consumer packaged goods in the United States. The company offers flower, pre-rolls, concentrates, vapes, edibles, tinctures, and other cannabis-related products under the Common Goods, SimplyHerb, Ozone, Ozone Reserve, Royale, Tunnel Vision, Miss Grass, Lowell Smokes, Edie Parker, 1906, and AiroPro brands.