Research Analysts Issue Forecasts for Verano FY2024 Earnings

Verano Holdings Corp. (OTC:VRNOF - Free Report) - Equities research analysts at Atb Cap Markets cut their FY2024 EPS estimates for shares of Verano in a report released on Monday, December 9th. Atb Cap Markets analyst F. Gomes now forecasts that the company will post earnings of ($0.25) per share for the year, down from their previous estimate of ($0.24). The consensus estimate for Verano's current full-year earnings is ($0.25) per share. Atb Cap Markets also issued estimates for Verano's Q4 2024 earnings at ($0.05) EPS and FY2025 earnings at ($0.19) EPS.

Separately, Roth Capital upgraded shares of Verano to a "strong-buy" rating in a research note on Sunday, November 10th.

Verano Stock Up 1.4 %

Shares of Verano stock traded up $0.02 during trading hours on Wednesday, reaching $1.44. 607,119 shares of the company were exchanged, compared to its average volume of 465,297. Verano has a 1 year low of $1.25 and a 1 year high of $7.08. The firm has a market capitalization of $516.60 million, a P/E ratio of -3.51 and a beta of 0.88. The company has a current ratio of 0.74, a quick ratio of 0.29 and a debt-to-equity ratio of 0.40.

About Verano

Verano Holdings Corp. operates as a vertically-integrated multi-state cannabis operator in the United States. The company produces and sells a suite of cannabis products under the portfolio of consumer brands, including Verano, Avexia, Encore, and MÜV. It designs, builds, and operates dispensaries under the Zen Leaf and MÜV retail brands that delivers a cannabis shopping experience in medical and adult-use markets.