Verano Holdings (CSE: VRNO) announced that they will be reporting their second quarter financials before the market opens on August 10.
Analysts have a consensus C$38.46 12-month price target on the company, via a total of 7 analysts, with 2 analysts having a strong buy rating, and 5 analysts have a buy rating. The street high comes from BTIG with a C$47 price target, and the lowest target comes in at C$19.70.
Six analysts have revenue estimates for the second quarter. The mean between all 6 is C$228.56 million; this number has been revised higher from C$205.51 million at the start of the year. The street high is C$247.37 million while the lowest sits at C$195.80 million.
Four analysts have estimates for what this quarter’s gross profit margin will be. They expect the profit margin to come in at 63.55%, with this number being revised slightly downwards from 65% at the start of the year. Street high goes to Beacon Securities with a 71% estimate and the lowest sits at 60%.
Onto EBITDA estimates, there are currently 6 analysts who have second quarter EBITDA estimates. The mean is currently C$122.58 million, with this number being higher than at the start of the year. Street high goes to Roth Capital with a C$248.46 million EBITDA estimate and the lowest being a C$82.10 million estimate.
Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
