Atb Cap Markets Has Weak Outlook for Verano FY2024 Earnings

Verano Holdings Corp. (OTC:VRNOF) – Equities research analysts at Atb Cap Markets cut their FY2024 EPS estimates for Verano in a research report issued to clients and investors on Monday, December 9th. Atb Cap Markets analyst F. Gomes now forecasts that the company will post earnings of ($0.25) per share for the year, down from their prior estimate 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 Up 1.4 %

OTC VRNOF opened at $1.44 on Wednesday. The company has a market cap of $516.60 million, a P/E ratio of -3.46 and a beta of 0.88. Verano has a 1 year low of $1.25 and a 1 year high of $7.08. The company has a current ratio of 0.74, a quick ratio of 0.29 and a debt-to-equity ratio of 0.40.

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.