Seaport Res Ptn Decreases Earnings Estimates for Verano

Verano Holdings Corp. (OTCMKTS:VRNOF) – Equities researchers at Seaport Res Ptn dropped their FY2024 earnings estimates for Verano in a note issued to investors on Sunday, November 17th. Seaport Res Ptn analyst S. Randhawa now anticipates that the company will post earnings of ($0.27) per share for the year, down from their previous forecast of ($0.17). The consensus estimate for Verano’s current full-year earnings is ($0.18) per share. Seaport Res Ptn also issued estimates for Verano’s Q4 2024 earnings at ($0.08) EPS, Q1 2025 earnings at ($0.07) EPS, Q2 2025 earnings at ($0.06) EPS, Q3 2025 earnings at ($0.06) EPS, Q4 2025 earnings at ($0.06) EPS and FY2025 earnings at ($0.24) EPS.

Verano (OTCMKTS:VRNOF) last issued its earnings results on Thursday, November 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.09). Verano had a negative net margin of 16.31% and a negative return on equity of 7.48%. The business had revenue of $216.68 million for the quarter, compared to the consensus estimate of $226.64 million.

Several other brokerages have also recently weighed in on VRNOF. Ventum Cap Mkts upgraded Verano to a “strong-buy” rating in a research report on Tuesday, July 30th. Roth Capital raised shares of Verano to a “strong-buy” rating in a report on Sunday, November 10th.

Verano Stock Performance

OTCMKTS:VRNOF opened at $1.64 on Wednesday. The business’s fifty day moving average is $3.00 and its 200 day moving average is $3.59. The firm has a market cap of $586.37 million, a price-to-earnings ratio of -4.00 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 52-week low of $1.42 and a 52-week high of $7.08.

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.