Verano Holdings Corp. (OTCMKTS:VRNOF – Free Report) – Seaport Res Ptn cut their Q1 2024 earnings per share (EPS) estimates for Verano in a report issued on Tuesday, April 9th. Seaport Res Ptn analyst S. Randhawa now expects that the company will post earnings of ($0.05) per share for the quarter, down from their previous estimate of ($0.03). The consensus estimate for Verano’s current full-year earnings is ($0.20) per share. Seaport Res Ptn also issued estimates for Verano’s Q2 2024 earnings at ($0.03) EPS and FY2024 earnings at ($0.10) EPS.
Verano (OTCMKTS:VRNOF – Get Free Report) last released its quarterly earnings results on Friday, March 15th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02). Verano had a negative return on equity of 4.49% and a negative net margin of 12.50%. The business had revenue of $237.19 million during the quarter, compared to analyst estimates of $233.22 million.
Separately, Needham & Company LLC boosted their price target on Verano from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Friday, March 1st.
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