Cresco Labs FY2024 EPS Estimate Decreased by Ventum Cap Mkts

Cresco Labs Inc. (OTCMKTS:CRLBF) – Equities research analysts at Ventum Cap Mkts decreased their FY2024 earnings estimates for shares of Cresco Labs in a research note issued on Monday, November 11th. Ventum Cap Mkts analyst A. Semple now forecasts that the company will post earnings of ($0.17) per share for the year, down from their previous estimate of ($0.16). Ventum Cap Mkts has a “Strong-Buy” rating on the stock. The consensus estimate for Cresco Labs’ current full-year earnings is ($0.19) per share. Ventum Cap Mkts also issued estimates for Cresco Labs’ FY2025 earnings at ($0.08) EPS.

A number of other analysts have also recently commented on CRLBF. Roth Capital raised Cresco Labs to a “strong-buy” rating in a research report on Sunday, November 10th. Needham & Company LLC restated a “hold” rating on shares of Cresco Labs in a research note on Monday, August 12th. Finally, Cormark lowered Cresco Labs from a “moderate buy” rating to a “hold” rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $2.50.

Cresco Labs Trading Down 2.8 %

OTCMKTS:CRLBF opened at $1.40 on Thursday. The company has a current ratio of 2.00, a quick ratio of 1.30 and a debt-to-equity ratio of 1.76. The firm has a fifty day simple moving average of $1.58 and a 200-day simple moving average of $1.70. Cresco Labs has a 12 month low of $1.02 and a 12 month high of $2.65. The company has a market capitalization of $683.40 million, a P/E ratio of -7.20 and a beta of 1.88.

About Cresco Labs

Cresco Labs Inc, together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. It provides cannabis in flowers, vape pens, live resins, disposable pens, and extracts under the Cresco brand; vape carts, vape pens, flower, popcorn, shake, pre-rolls, shorties, and concentrates under the High Supply brand; vapes and gummies under the Good News brand; vapes and edibles under the Wonder Wellness Co brand; and tinctures, capsules, salves, and sublingual oils under the Remedi brand.