FY2024 EPS Estimates for Verano Lowered by Seaport Res Ptn

Verano Holdings Corp. (OTCMKTS:VRNOF) – Equities researchers at Seaport Res Ptn lowered their FY2024 earnings per share (EPS) estimates for shares of Verano in a research note issued on Sunday, November 17th. Seaport Res Ptn analyst S. Randhawa now anticipates that the company will post earnings per share of ($0.27) for the year, down from their previous 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.

Verano (OTCMKTS:VRNOF) last announced its earnings results on Thursday, November 7th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.09). Verano had a negative net margin of 16.31% and a negative return on equity of 7.48%. The firm had revenue of $216.68 million during the quarter, compared to analyst estimates of $226.64 million.

Other research analysts also recently issued reports about the stock. Ventum Cap Mkts upgraded shares of Verano to a “strong-buy” rating in a research report on Tuesday, July 30th. Roth Capital raised Verano to a “strong-buy” rating in a report on Sunday, November 10th.

Verano Stock Performance

Shares of VRNOF stock opened at $1.70 on Wednesday. The firm has a market capitalization of $607.82 million, a price-to-earnings ratio of -4.15 and a beta of 1.21. Verano has a one year low of $1.42 and a one year high of $7.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.52 and a current ratio of 0.99. The company has a 50 day moving average price of $3.03 and a 200 day moving average price of $3.60.

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.