Ventum Cap Mkts Weighs in on Verano Holdings Corp.’s Q2 2024 Earnings (OTCMKTS:VRNOF)

Verano Holdings Corp. (OTCMKTS:VRNOF) – Equities research analysts at Ventum Cap Mkts issued their Q2 2024 earnings per share (EPS) estimates for Verano in a note issued to investors on Tuesday, July 30th. Ventum Cap Mkts analyst A. Semple forecasts that the company will post earnings per share of ($0.04) for the quarter. Ventum Cap Mkts has a “Strong-Buy” rating on the stock. The consensus estimate for Verano’s current full-year earnings is ($0.15) per share. Ventum Cap Mkts also issued estimates for Verano’s Q3 2024 earnings at ($0.03) EPS, Q4 2024 earnings at ($0.02) EPS, FY2024 earnings at ($0.09) EPS and FY2025 earnings at ($0.04) EPS.

Verano (OTCMKTS:VRNOF) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.07. Verano had a negative return on equity of 4.28% and a negative net margin of 12.11%. The firm had revenue of $221.31 million for the quarter, compared to analysts’ expectations of $215.71 million.

Separately, Needham & Company LLC reiterated a “buy” rating and issued a $7.00 target price on shares of Verano in a research note on Wednesday, May 8th.

Verano Stock Performance

Shares of VRNOF opened at $3.62 on Thursday. The business’s fifty day moving average price is $3.78 and its 200 day moving average price is $4.86. Verano has a 12-month low of $2.53 and a 12-month high of $7.08. The stock has a market capitalization of $1.25 billion, a PE ratio of -11.31 and a beta of 1.24. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.01 and a quick ratio of 0.61.

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.