Verano Holdings Corp. (OTCMKTS:VRNOF) to Post FY2024 Earnings of ($0.11) Per Share, Ventum Cap Mkts Forecasts

Verano Holdings Corp. (OTCMKTS:VRNOF) – Ventum Cap Mkts lowered their FY2024 EPS estimates for Verano in a research note issued on Wednesday, August 7th. Ventum Cap Mkts analyst A. Semple now forecasts that the company will post earnings per share of ($0.11) for the year, down from their previous estimate of ($0.09). Ventum Cap Mkts currently has a “Strong-Buy” rating on the stock. The consensus estimate for Verano’s current full-year earnings is ($0.16) per share. Ventum Cap Mkts also issued estimates for Verano’s Q4 2024 earnings at ($0.03) EPS and FY2025 earnings at ($0.06) EPS.

Separately, Needham & Company LLC reissued a “buy” rating and set a $7.00 price objective on shares of Verano in a report on Wednesday, May 8th.

Verano Trading Up 3.9 %

Shares of VRNOF opened at $3.95 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.52 and a debt-to-equity ratio of 0.39. The stock has a market cap of $1.37 billion, a PE ratio of -12.34 and a beta of 1.24. Verano has a 1 year low of $2.53 and a 1 year high of $7.08. The stock has a 50 day simple moving average of $3.71 and a 200-day simple moving average of $4.77.

Verano Company Profile

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.