Equities Analysts Issue Forecasts for Verano FY2024 Earnings

Verano Holdings Corp. (OTCMKTS:VRNOF) – Stock analysts at Seaport Res Ptn decreased their FY2024 earnings per share estimates for shares of Verano in a research note issued on Sunday, November 17th. Seaport Res Ptn analyst S. Randhawa now forecasts that the company will earn ($0.27) per share for the year, down from their prior estimate of ($0.17). The consensus estimate for Verano’s current full-year earnings is ($0.18) per share. Seaport Res Ptn also issued estimates for Verano’s Q4 2024 earnings at ($0.08) EPS, Q1 2025 earnings at ($0.07) EPS, Q2 2025 earnings at ($0.06) EPS, Q3 2025 earnings at ($0.06) EPS, Q4 2025 earnings at ($0.06) EPS and FY2025 earnings at ($0.24) EPS.

Verano (OTCMKTS:VRNOF) last announced its earnings results on Thursday, November 7th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.09). The business had revenue of $216.68 million for the quarter, compared to the consensus estimate of $226.64 million. Verano had a negative return on equity of 7.48% and a negative net margin of 16.31%.

Several other equities analysts have also recently issued reports on the stock. Ventum Cap Mkts upgraded shares of Verano to a “strong-buy” rating in a research report on Tuesday, July 30th. Roth Capital upgraded Verano to a “strong-buy” rating in a report on Sunday, November 10th.

Verano Stock Down 3.5 %

Shares of OTCMKTS VRNOF opened at $1.64 on Wednesday. The company has a market cap of $586.37 million, a price-to-earnings ratio of -4.00 and a beta of 1.21. The company has a current ratio of 0.99, a quick ratio of 0.52 and a debt-to-equity ratio of 0.39. Verano has a 12 month low of $1.42 and a 12 month high of $7.08. The stock has a 50-day moving average price of $3.00 and a two-hundred day moving average price of $3.59.

About Verano

Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. The company engages in the cultivation, processing, wholesale, and retail distribution of cannabis in Arizona, Arkansas, Connecticut, Florida, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, Ohio, Pennsylvania, and West Virginia.