Verano Holdings Corp. (OTCMKTS:VRNOF – Free Report) – Equities research analysts at Roth Capital issued their FY2024 earnings estimates for Verano in a report issued on Sunday, November 10th. Roth Capital analyst W. Kirk expects that the company will post earnings per share of ($0.26) for the year. Roth Capital currently has a “Strong-Buy” rating on the stock. The consensus estimate for Verano’s current full-year earnings is ($0.18) per share. Roth Capital also issued estimates for Verano’s Q4 2024 earnings at ($0.07) EPS, Q1 2025 earnings at ($0.06) EPS, Q2 2025 earnings at ($0.05) EPS, Q3 2025 earnings at ($0.05) EPS, Q4 2025 earnings at ($0.04) EPS and FY2025 earnings at ($0.20) EPS.
Separately, Ventum Cap Mkts upgraded shares of Verano to a “strong-buy” rating in a research report on Tuesday, July 30th.
Verano Stock Performance
Shares of OTCMKTS:VRNOF opened at $1.78 on Wednesday. The business has a fifty day moving average of $3.16 and a 200-day moving average of $3.72. The firm has a market cap of $635.33 million, a PE ratio of -4.68 and a beta of 1.21. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.52 and a current ratio of 0.99. Verano has a twelve month low of $1.42 and a twelve month high of $7.08.
Verano (OTCMKTS:VRNOF – Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.09). The business had revenue of $216.68 million during the quarter, compared to the consensus estimate of $226.64 million. Verano had a negative net margin of 16.31% and a negative return on equity of 7.48%.
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.
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