FY2024 EPS Estimates for Curaleaf Reduced by Analyst

Curaleaf Holdings, Inc. (OTCMKTS:CURLF - Free Report) - Analysts at Alliance Global Partners dropped their FY2024 earnings per share estimates for shares of Curaleaf in a research note issued to investors on Wednesday, October 30th. Alliance Global Partners analyst A. Grey now expects that the company will post earnings per share of ($0.27) for the year, down from their prior forecast 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 - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.01). Curaleaf had a negative return on equity of 14.75% and a negative net margin of 18.59%. The business had revenue of $342.29 million for the quarter, compared to analyst estimates of $344.57 million.

Several other analysts have also weighed in on the company. Cormark raised Curaleaf from a "hold" rating to a "moderate buy" rating in a report on Monday, August 12th. Needham & Company LLC reissued a "buy" rating and issued a $6.25 price objective on shares of Curaleaf in a research note on Thursday, August 8th.

Curaleaf Stock Performance

OTCMKTS CURLF traded up $0.07 during trading on Friday, hitting $2.96. The company's stock had a trading volume of 386,061 shares, compared to its average volume of 669,206. The company has a quick ratio of 0.50, a current ratio of 1.09 and a debt-to-equity ratio of 0.83. The firm has a 50 day moving average price of $3.01 and a 200 day moving average price of $3.89. The firm has a market cap of $1.92 billion, a P/E ratio of -8.46 and a beta of 0.84. Curaleaf has a 52 week low of $2.70 and a 52 week high of $6.40.

Curaleaf Company Profile

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.