Atb Cap Markets Forecasts Higher Earnings for Cresco Labs

Cresco Labs Inc. (OTCMKTS:CRLBF - Free Report) - Equities research analysts at Atb Cap Markets upped their FY2025 earnings estimates for shares of Cresco Labs in a note issued to investors on Monday, December 9th. Atb Cap Markets analyst F. Gomes now expects that the company will earn ($0.07) per share for the year, up from their previous forecast of ($0.09). Atb Cap Markets currently has a "Hold" rating on the stock. The consensus estimate for Cresco Labs' current full-year earnings is ($0.20) per share.

CRLBF has been the topic of a number of other reports. Roth Capital raised shares of Cresco Labs to a "strong-buy" rating in a research report on Sunday, November 10th. Cormark downgraded shares of Cresco Labs from a "moderate buy" rating to a "hold" rating in a research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $2.50.

Cresco Labs Price Performance

OTCMKTS:CRLBF traded down $0.03 during mid-day trading on Wednesday, reaching $1.04. The stock had a trading volume of 703,391 shares, compared to its average volume of 750,207. The stock has a market capitalization of $507.67 million, a P/E ratio of -5.20 and a beta of 1.73. The firm has a 50 day moving average price of $1.39 and a two-hundred day moving average price of $1.58. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.39 and a current ratio of 1.97. Cresco Labs has a one year low of $1.02 and a one year high of $2.65.

About Cresco Labs

Cresco Labs Inc, together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. It provides cannabis in flowers, vape pens, live resins, disposable pens, and extracts under the Cresco brand; vape carts, vape pens, flower, popcorn, shake, pre-rolls, shorties, and concentrates under the High Supply brand; vapes and gummies under the Good News brand; vapes and edibles under the Wonder Wellness Co brand; and tinctures, capsules, salves, and sublingual oils under the Remedi brand.