Verano Holdings Corp. (OTCMKTS:VRNOF - Free Report) - Equities research analysts at Alliance Global Partners dropped their FY2024 earnings estimates for Verano in a research report issued on Thursday, November 7th. Alliance Global Partners analyst A. Grey now forecasts that the company will post earnings of ($0.25) per share for the year, down from their prior estimate of ($0.20). The consensus estimate for Verano's current full-year earnings is ($0.18) per share. Alliance Global Partners also issued estimates for Verano's Q4 2024 earnings at ($0.05) EPS, Q1 2025 earnings at ($0.05) EPS, Q2 2025 earnings at ($0.05) EPS, Q3 2025 earnings at ($0.05) EPS, Q4 2025 earnings at ($0.04) EPS and FY2025 earnings at ($0.19) EPS.
Separately, Ventum Cap Mkts upgraded shares of Verano to a "strong-buy" rating in a research report on Tuesday, July 30th.
View Our Latest Stock Report on Verano
Verano Stock Performance
VRNOF stock traded down $0.40 during trading on Monday, hitting $1.53. 2,124,265 shares of the company's stock traded hands, compared to its average volume of 444,185. The stock has a fifty day moving average price of $3.21 and a two-hundred day moving average price of $3.75. The stock has a market capitalization of $546.10 million, a price-to-earnings ratio of -3.73 and a beta of 1.21. The company has a quick ratio of 0.52, a current ratio of 0.99 and a debt-to-equity ratio of 0.39. Verano has a 52 week low of $1.42 and a 52 week high of $7.08.
Verano (OTCMKTS:VRNOF - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $216.68 million during the quarter, compared to the consensus estimate of $226.64 million.
Verano Company Profile
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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.
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