Brokers Offer Predictions for TerrAscend FY2024 Earnings

TerrAscend Corp. (OTC:TSNDF) – Research analysts at Seaport Res Ptn cut their FY2024 earnings per share estimates for TerrAscend in a research report issued to clients and investors on Monday, November 18th. Seaport Res Ptn analyst S. Randhawa now anticipates that the company will post earnings per share of ($0.18) for the year, down from their previous forecast of ($0.15). The consensus estimate for TerrAscend’s current full-year earnings is ($0.17) per share. Seaport Res Ptn also issued estimates for TerrAscend’s Q4 2024 earnings at ($0.04) EPS, Q1 2025 earnings at ($0.04) EPS, Q2 2025 earnings at ($0.04) EPS, Q3 2025 earnings at ($0.04) EPS and FY2025 earnings at ($0.15) EPS.

TerrAscend Trading Down 7.2 %

TerrAscend stock opened at $0.77 on Thursday. The company has a current ratio of 1.35, a quick ratio of 0.69 and a debt-to-equity ratio of 0.92. The firm’s 50 day moving average is $1.11. TerrAscend has a 1 year low of $0.66 and a 1 year high of $2.45.

About TerrAscend

TerrAscend Corp. cultivates, processes, and sells medical and adult use cannabis in Canada and the United States. The company produces and distributes hemp-derived wellness products to retail locations; and manufactures vaporizables, concentrates, topicals, tinctures and edibles. It also operates retail dispensaries under the Apothecarium and State Flower brand names.