Verano Holdings Corp. (OTCMKTS:VRNOF – Get Rating) – Research analysts at Alliance Global Partners cut their Q4 2022 earnings estimates for shares of Verano in a note issued to investors on Monday, November 14th. Alliance Global Partners analyst A. Grey now forecasts that the company will post earnings of $0.02 per share for the quarter, down from their prior estimate of $0.05. The consensus estimate for Verano’s current full-year earnings is ($0.04) per share. Alliance Global Partners also issued estimates for Verano’s Q1 2023 earnings at $0.02 EPS, Q2 2023 earnings at $0.02 EPS, Q3 2023 earnings at $0.03 EPS and Q4 2023 earnings at $0.03 EPS.
A number of other analysts have also commented on VRNOF. Needham & Company LLC lowered shares of Verano from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Pi Financial reissued a “buy” rating on shares of Verano in a report on Thursday, September 8th. Finally, Seaport Res Ptn reissued a “buy” rating on shares of Verano in a report on Friday, July 22nd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Verano presently has an average rating of “Moderate Buy” and a consensus price target of $26.20.
Verano Price Performance
Verano (OTCMKTS:VRNOF – Get Rating) last released its earnings results on Tuesday, August 16th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). Verano had a negative return on equity of 6.84% and a negative net margin of 12.61%. The business had revenue of $223.66 million for the quarter, compared to analyst estimates of $219.43 million.
Verano Company Profile
Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. It engages in the cultivation, processing, wholesale, and retail distribution of cannabis in Arizona, Arkansas, California, Connecticut, Florida, Illinois, Maryland, Massachusetts, Michigan, Missouri, Nevada, New Jersey, Ohio, Pennsylvania, and West Virginia.
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