Verano (OTCMKTS:VRNOF - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Thursday, August 7th. Analysts expect Verano to post earnings of ($0.05) per share and revenue of $211.80 million for the quarter.
Verano (OTCMKTS:VRNOF - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.02. The firm had revenue of $209.81 million for the quarter, compared to analyst estimates of $213.84 million. Verano had a negative net margin of 40.20% and a negative return on equity of 8.06%. On average, analysts expect Verano to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Verano Stock Up 16.5%
Verano stock traded up $0.09 during trading on Friday, hitting $0.66. The company had a trading volume of 1,076,455 shares, compared to its average volume of 624,679. The company has a quick ratio of 1.01, a current ratio of 2.15 and a debt-to-equity ratio of 0.53. Verano has a 1-year low of $0.41 and a 1-year high of $4.34. The company's 50 day simple moving average is $0.56 and its 200-day simple moving average is $0.74.
Analysts Set New Price Targets
Separately, Cormark cut Verano from a "moderate buy" rating to a "hold" rating in a research note on Monday, May 12th.
Read Our Latest Research Report on Verano
About Verano
(
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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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