FY2023 Earnings Forecast for Verano Holdings Corp. Issued By Echelon Wealth Partners (OTCMKTS:VRNOF)

Verano Holdings Corp. (OTCMKTS:VRNOFFree Report) – Equities research analysts at Echelon Wealth Partners lowered their FY2023 EPS estimates for Verano in a report issued on Wednesday, November 8th. Echelon Wealth Partners analyst A. Semple now forecasts that the company will post earnings of ($0.16) per share for the year, down from their previous forecast of ($0.12). The consensus estimate for Verano’s current full-year earnings is ($0.08) per share. Echelon Wealth Partners also issued estimates for Verano’s Q4 2023 earnings at ($0.04) EPS and FY2024 earnings at ($0.09) EPS.

Separately, Needham & Company LLC boosted their price target on shares of Verano from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th.

View Our Latest Stock Report on VRNOF

Verano Stock Performance

Shares of OTCMKTS:VRNOF opened at $4.46 on Monday. The company has a market cap of $1.53 billion, a price-to-earnings ratio of -5.79 and a beta of 1.39. The company has a 50-day moving average price of $4.31 and a 200-day moving average price of $3.42. The company has a current ratio of 1.01, a quick ratio of 0.50 and a debt-to-equity ratio of 0.38. Verano has a 12 month low of $2.53 and a 12 month high of $6.08.

Verano (OTCMKTS:VRNOFGet Free Report) last issued its quarterly earnings data on Wednesday, November 8th. The company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). The firm had revenue of $240.09 million during the quarter, compared to the consensus estimate of $240.12 million. Verano had a negative net margin of 27.64% and a negative return on equity of 1.49%.

Verano Company Profile

(Get Free Report)

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, California, Connecticut, Florida, Illinois, Maryland, Massachusetts, Michigan, Missouri, Nevada, New Jersey, Ohio, Pennsylvania, and West Virginia.

Further Reading

Earnings History and Estimates for Verano (OTCMKTS:VRNOF)

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