Q3 2024 EPS Estimates for Ascend Wellness Holdings, Inc. (OTC:AAWH) Reduced by Atb Cap Markets

Ascend Wellness Holdings, Inc. (OTC:AAWH) – Research analysts at Atb Cap Markets lowered their Q3 2024 EPS estimates for shares of Ascend Wellness in a research report issued to clients and investors on Monday, August 5th. Atb Cap Markets analyst F. Gomes now expects that the company will earn ($0.08) per share for the quarter, down from their previous estimate of ($0.06). The consensus estimate for Ascend Wellness’ current full-year earnings is ($0.24) per share. Atb Cap Markets also issued estimates for Ascend Wellness’ Q4 2024 earnings at ($0.06) EPS, FY2024 earnings at ($0.32) EPS and FY2025 earnings at ($0.18) EPS.

Ascend Wellness (OTC:AAWH) last posted its earnings results on Monday, August 5th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). Ascend Wellness had a negative net margin of 8.76% and a negative return on equity of 31.72%. The firm had revenue of $141.54 million for the quarter, compared to analysts’ expectations of $145.48 million.

Other equities analysts also recently issued research reports about the stock. Ventum Cap Mkts raised shares of Ascend Wellness to a “strong-buy” rating in a report on Tuesday, July 16th. Needham & Company LLC reaffirmed a “hold” rating on shares of Ascend Wellness in a report on Tuesday, May 7th.

Ascend Wellness Price Performance

Ascend Wellness stock remained flat at $0.95 during mid-day trading on Thursday. 346,074 shares of the company’s stock were exchanged, compared to its average volume of 231,423. The firm has a market capitalization of $202.09 million, a P/E ratio of -4.13 and a beta of 1.74. The company has a fifty day moving average price of $0.93 and a two-hundred day moving average price of $1.19. Ascend Wellness has a twelve month low of $0.46 and a twelve month high of $1.82. The company has a quick ratio of 1.21, a current ratio of 2.24 and a debt-to-equity ratio of 2.13.

Ascend Wellness Company Profile

Ascend Wellness Holdings, Inc engages in the cultivation, manufacture, and distribution of cannabis consumer packaged goods in the United States. The company offers flower, pre-rolls, concentrates, vapes, edibles, tinctures, and other cannabis-related products under the Common Goods, SimplyHerb, Ozone, Ozone Reserve, Royale, Tunnel Vision, Miss Grass, Lowell Smokes, Edie Parker, 1906, and AiroPro brands.