Verano Holdings Corp. (OTCMKTS:VRNOF - Free Report) - Research analysts at Seaport Res Ptn lowered their FY2024 earnings estimates for shares of Verano in a research report issued to clients and investors on Sunday, November 17th. Seaport Res Ptn analyst S. Randhawa now expects that the company will earn ($0.27) per share for the year, down from their previous forecast 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.
VRNOF has been the subject of several other reports. Roth Capital upgraded Verano to a "strong-buy" rating in a research note on Sunday, November 10th. Ventum Cap Mkts raised Verano to a "strong-buy" rating in a research note on Tuesday, July 30th.
Get Our Latest Stock Report on VRNOF
Verano Trading Down 0.6 %
Verano stock traded down $0.01 during trading hours on Wednesday, reaching $1.70. 537,603 shares of the company's stock traded hands, compared to its average volume of 456,179. The firm's 50 day moving average is $3.03 and its 200-day moving average is $3.60. Verano has a fifty-two week low of $1.42 and a fifty-two week high of $7.08. The firm has a market capitalization of $607.82 million, a price-to-earnings ratio of -4.15 and a beta of 1.21. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.52 and a current ratio of 0.99.
Verano (OTCMKTS:VRNOF - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.09). Verano had a negative return on equity of 7.48% and a negative net margin of 16.31%. The firm had revenue of $216.68 million for the quarter, compared to analyst estimates of $226.64 million.
About Verano
(
Get Free Report)
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.
See Also
Before you consider Verano, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Verano wasn't on the list.
While Verano currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
