FY2024 EPS Estimate for Cresco Labs Decreased by Analyst

by · The Cerbat Gem

Cresco Labs Inc. (OTCMKTS:CRLBF – Free Report) – Research analysts at Ventum Cap Mkts reduced their FY2024 EPS estimates for Cresco Labs in a report issued on Monday, November 11th. Ventum Cap Mkts analyst A. Semple now anticipates that the company will earn ($0.17) per share for the year, down from their prior estimate of ($0.16). Ventum Cap Mkts currently has a “Strong-Buy” rating on the stock. The consensus estimate for Cresco Labs’ current full-year earnings is ($0.19) per share. Ventum Cap Mkts also issued estimates for Cresco Labs’ FY2025 earnings at ($0.08) EPS.

A number of other equities research analysts have also commented on CRLBF. Needham & Company LLC reiterated a “hold” rating on shares of Cresco Labs in a research report on Monday, August 12th. Roth Capital upgraded shares of Cresco Labs to a “strong-buy” rating in a report on Sunday. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $2.50.

Check Out Our Latest Stock Report on Cresco Labs

Cresco Labs Stock Performance

Shares of CRLBF stock opened at $1.44 on Thursday. The business’s 50-day moving average price is $1.58 and its 200-day moving average price is $1.71. The firm has a market capitalization of $702.92 million, a price-to-earnings ratio of -7.10 and a beta of 1.88. Cresco Labs has a 12 month low of $1.02 and a 12 month high of $2.65. The company has a current ratio of 2.00, a quick ratio of 1.30 and a debt-to-equity ratio of 1.76.

About Cresco Labs

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Cresco Labs Inc, together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. It provides cannabis in flowers, vape pens, live resins, disposable pens, and extracts under the Cresco brand; vape carts, vape pens, flower, popcorn, shake, pre-rolls, shorties, and concentrates under the High Supply brand; vapes and gummies under the Good News brand; vapes and edibles under the Wonder Wellness Co brand; and tinctures, capsules, salves, and sublingual oils under the Remedi brand.

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