Verano FY2024 EPS Forecast Cut by Alliance Global Partners

Verano Holdings Corp. (OTCMKTS:VRNOF) – Equities research analysts at Alliance Global Partners reduced their FY2024 EPS estimates for shares of Verano in a research note issued to investors on Thursday, November 7th. Alliance Global Partners analyst A. Grey now expects that the company will post earnings of ($0.25) per share for the year, down from their previous estimate of ($0.20). The consensus estimate for Verano’s current full-year earnings is ($0.18) per share. Alliance Global Partners also issued estimates for Verano’s Q4 2024 earnings at ($0.05) EPS, Q1 2025 earnings at ($0.05) 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 ($0.19) EPS.

Separately, Ventum Cap Mkts raised Verano to a “strong-buy” rating in a research note on Tuesday, July 30th.

Verano Trading Down 5.1 %

Shares of VRNOF stock opened at $1.94 on Monday. 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 firm has a fifty day moving average of $3.25 and a 200-day moving average of $3.77. Verano has a 52-week low of $1.88 and a 52-week high of $7.08. The stock has a market cap of $690.65 million, a price-to-earnings ratio of -4.72 and a beta of 1.21.

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.