Seaport Res Ptn Cuts Earnings Estimates for Ascend Wellness

Ascend Wellness Holdings, Inc. (OTC:AAWH) – Equities research analysts at Seaport Res Ptn lowered their FY2024 earnings estimates for shares of Ascend Wellness in a report released on Tuesday, November 19th. Seaport Res Ptn analyst S. Randhawa now anticipates that the company will post earnings per share of ($0.48) for the year, down from their prior estimate of ($0.41). The consensus estimate for Ascend Wellness’ current full-year earnings is ($0.35) per share. Seaport Res Ptn also issued estimates for Ascend Wellness’ Q4 2024 earnings at ($0.15) EPS, Q1 2025 earnings at ($0.14) EPS, Q2 2025 earnings at ($0.13) EPS, Q3 2025 earnings at ($0.12) EPS, Q4 2025 earnings at ($0.12) EPS and FY2025 earnings at ($0.51) EPS.

Ascend Wellness Stock Down 10.0 %

Ascend Wellness stock opened at $0.40 on Friday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.80 and a current ratio of 1.47. Ascend Wellness has a 52-week low of $0.39 and a 52-week high of $1.82. The firm has a 50 day moving average price of $0.76 and a two-hundred day moving average price of $0.92. The firm has a market cap of $84.66 million, a price-to-earnings ratio of -0.96 and a beta of 1.69.

Ascend Wellness (OTC:AAWH) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). The business had revenue of $141.65 million during the quarter, compared to the consensus estimate 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.