Free Trial

Verano (VRNOF) Expected to Announce Earnings on Thursday

Verano logo with Medical background

Key Points

  • Verano (OTCMKTS: VRNOF) is set to announce its quarterly earnings on August 7th, with analysts predicting earnings of (−$0.05) per share and a revenue of $211.80 million for the quarter.
  • In its previous quarterly report, Verano posted earnings of (−$0.03) per share and revenue of $209.81 million, which fell short of analysts' estimates.
  • Following a recent research note, Cormark downgraded Verano's rating from "moderate buy" to "hold."
  • Five stocks to consider instead of Verano.

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

(Get Free Report)

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.

See Also

Earnings History for Verano (OTCMKTS:VRNOF)

Should You Invest $1,000 in Verano Right Now?

Before you consider Verano, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Verano wasn't on the list.

While Verano currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

5 Stocks to BUY NOW in August 2025
The $2.5B Merger No One Is Talking About
ALERT: Big Tech Earnings – Watch Before Wednesday

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines