FY2024 EPS Estimates for Verano Decreased by Seaport Res Ptn

Verano Holdings Corp. (OTCMKTS:VRNOF) – Stock analysts at Seaport Res Ptn dropped their FY2024 earnings per share (EPS) estimates for Verano in a research report issued to clients and investors on Sunday, November 17th. Seaport Res Ptn analyst S. Randhawa now forecasts that the company will earn ($0.27) per share for the year, down from their prior 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.

A number of other research firms have also recently issued reports on VRNOF. Ventum Cap Mkts raised shares of Verano to a “strong-buy” rating in a report on Tuesday, July 30th. Roth Capital upgraded shares of Verano to a “strong-buy” rating in a research report on Sunday, November 10th.

Verano Price Performance

OTCMKTS VRNOF opened at $1.70 on Wednesday. The firm’s fifty day simple moving average is $3.03 and its two-hundred day simple moving average is $3.60. The company has a current ratio of 0.99, a quick ratio of 0.52 and a debt-to-equity ratio of 0.39. Verano has a 12-month low of $1.42 and a 12-month high of $7.08. The firm has a market capitalization of $607.82 million, a P/E ratio of -4.15 and a beta of 1.21.

Verano (OTCMKTS:VRNOF) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.09). The business had revenue of $216.68 million during the quarter, compared to analysts’ expectations of $226.64 million. Verano had a negative return on equity of 7.48% and a negative net margin of 16.31%.

About Verano

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.