Alliance Global Partners Weighs in on Verano FY2024 Earnings

Verano Holdings Corp. (OTC:VRNOF) – Alliance Global Partners cut their FY2024 earnings estimates for shares of Verano in a research report issued on Thursday, November 7th. Alliance Global Partners analyst A. Grey now expects that the company will post earnings per share of ($0.25) for the year, down from their previous forecast of ($0.20). Alliance Global Partners also issued estimates for Verano’s Q4 2024 earnings at ($0.05) EPS, Q1 2025 earnings at ($0.05) 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 ($0.19) EPS.

Separately, Roth Capital raised Verano to a “strong-buy” rating in a research note on Sunday.

Verano Trading Down 20.9 %

Verano stock opened at $1.53 on Monday. Verano has a 12-month low of $1.42 and a 12-month high of $7.08.

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.