Alliance Global Partners Estimates Verano Q3 Earnings

Verano Holdings Corp. (OTCMKTS:VRNOF) – Alliance Global Partners lifted their Q3 2024 earnings estimates for Verano in a research report issued on Wednesday, October 30th. Alliance Global Partners analyst A. Grey now anticipates that the company will post earnings of $0.00 per share for the quarter, up from their previous forecast of ($0.05). The consensus estimate for Verano’s current full-year earnings is ($0.16) per share. Alliance Global Partners also issued estimates for Verano’s FY2024 earnings at ($0.20) EPS and FY2025 earnings at ($0.12) EPS.

Separately, Ventum Cap Mkts upgraded Verano to a “strong-buy” rating in a research note on Tuesday, July 30th.

Verano Stock Down 0.3 %

Shares of OTCMKTS VRNOF opened at $3.24 on Friday. 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 1 year low of $3.01 and a 1 year high of $7.08. The stock’s 50-day simple moving average is $3.34 and its 200-day simple moving average is $3.89.

Verano (OTCMKTS:VRNOF) last posted its earnings results on Wednesday, August 7th. The company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). The business had revenue of $222.39 million for the quarter, compared to analysts’ expectations of $224.23 million. Verano had a negative net margin of 13.21% and a negative return on equity of 4.87%.

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.