What is Roth Capital’s Forecast for Verano FY2024 Earnings?

Verano Holdings Corp. (OTCMKTS:VRNOFFree Report) – Equities researchers at Roth Capital issued their FY2024 earnings per share (EPS) estimates for shares of Verano in a report released on Sunday, November 10th. Roth Capital analyst W. Kirk anticipates that the company will post earnings per share of ($0.26) for the year. Roth Capital has a “Strong-Buy” rating on the stock. The consensus estimate for Verano’s current full-year earnings is ($0.18) per share. Roth Capital also issued estimates for Verano’s Q4 2024 earnings at ($0.07) EPS, Q1 2025 earnings at ($0.06) 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 ($0.20) EPS.

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

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

Check Out Our Latest Stock Report on Verano

Verano Price Performance

VRNOF stock opened at $1.90 on Wednesday. The firm has a 50 day moving average of $3.21 and a 200-day moving average of $3.75. The company has a current ratio of 0.99, a quick ratio of 0.52 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $678.16 million, a P/E ratio of -4.63 and a beta of 1.21. Verano has a 12 month low of $1.42 and a 12 month high of $7.08.

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

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Earnings History and Estimates for Verano (OTCMKTS:VRNOF)

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