FY2024 EPS Estimates for Curaleaf Reduced by Analyst

Curaleaf Holdings, Inc. (OTCMKTS:CURLF) – Research analysts at Alliance Global Partners decreased their FY2024 earnings per share estimates for shares of Curaleaf in a research note issued on Wednesday, October 30th. Alliance Global Partners analyst A. Grey now forecasts that the company will earn ($0.27) per share for the year, down from their previous estimate of ($0.26). The consensus estimate for Curaleaf’s current full-year earnings is ($0.24) per share. Alliance Global Partners also issued estimates for Curaleaf’s Q4 2024 earnings at ($0.07) EPS, Q1 2025 earnings at ($0.06) EPS and FY2025 earnings at ($0.21) EPS.

Curaleaf (OTCMKTS:CURLF) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The firm had revenue of $342.29 million for the quarter, compared to the consensus estimate of $344.57 million. Curaleaf had a negative return on equity of 14.75% and a negative net margin of 18.59%.

Several other research firms have also issued reports on CURLF. Needham & Company LLC restated a “buy” rating and issued a $6.25 price objective on shares of Curaleaf in a research note on Thursday, August 8th. Cormark upgraded Curaleaf from a “hold” rating to a “moderate buy” rating in a research note on Monday, August 12th.

Curaleaf Stock Up 2.4 %

Shares of CURLF stock opened at $2.96 on Friday. Curaleaf has a 52-week low of $2.70 and a 52-week high of $6.40. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.50 and a current ratio of 1.09. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of -8.46 and a beta of 0.84. The firm’s 50-day moving average is $3.01 and its 200-day moving average is $3.89.

About Curaleaf

Curaleaf Holdings, Inc operates a cannabis operator in the United States. It operates through two segments, Domestic Operations and International Operations. The company offers flower, pre-rolls, flower pots, and dry-herb vaporizer cartridges; concentrates for vaporizing which includes pre-filled vaporizer cartridges and disposable vaporizer pens; and concentrates for dabbing, such as mints, distillate droppers, mints, topical balms and lotions, tinctures, lozenges, capsules, and edibles.