FY2024 EPS Estimates for Verano Reduced by Atb Cap Markets

Verano Holdings Corp. (OTC:VRNOF) – Research analysts at Atb Cap Markets reduced their FY2024 earnings per share estimates for shares of Verano in a report released on Monday, December 9th. Atb Cap Markets analyst F. Gomes now anticipates that the company will post earnings per share of ($0.25) for the year, down from their prior forecast of ($0.24). The consensus estimate for Verano’s current full-year earnings is ($0.25) per share. Atb Cap Markets also issued estimates for Verano’s Q4 2024 earnings at ($0.05) EPS and FY2025 earnings at ($0.19) EPS.

Separately, Roth Capital upgraded Verano to a “strong-buy” rating in a research note on Sunday, November 10th.

Verano Trading Down 11.8 %

Verano stock opened at $1.27 on Wednesday. The firm has a market cap of $455.61 million, a P/E ratio of -3.10 and a beta of 0.87. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.74 and a quick ratio of 0.29. Verano has a one year low of $1.25 and a one year high of $7.08.

About Verano

Verano Holdings Corp. operates as a vertically-integrated multi-state cannabis operator in the United States. The company produces and sells a suite of cannabis products under the portfolio of consumer brands, including Verano, Avexia, Encore, and MÜV. It designs, builds, and operates dispensaries under the Zen Leaf and MÜV retail brands that delivers a cannabis shopping experience in medical and adult-use markets.