FY2025 Earnings Estimate for Cresco Labs Issued By Cormark

Cresco Labs Inc. (OTCMKTS:CRLBF) – Stock analysts at Cormark dropped their FY2025 earnings per share (EPS) estimates for shares of Cresco Labs in a research note issued on Monday, November 10th. Cormark analyst J. Pytlak now expects that the company will post earnings per share of ($0.16) for the year, down from their previous forecast of ($0.14). The consensus estimate for Cresco Labs’ current full-year earnings is ($0.20) per share.

Cresco Labs (OTCMKTS:CRLBF) last posted its quarterly earnings results on Friday, November 7th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The company had revenue of $165.00 million during the quarter, compared to the consensus estimate of $163.74 million. Cresco Labs had a negative net margin of 7.79% and a negative return on equity of 14.25%.

Separately, Zacks Research cut shares of Cresco Labs from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Cresco Labs Trading Down 1.6%

OTCMKTS CRLBF opened at $1.21 on Wednesday. Cresco Labs has a 12 month low of $0.43 and a 12 month high of $1.62. The company has a current ratio of 2.49, a quick ratio of 2.22 and a debt-to-equity ratio of 1.28. The stock has a 50 day moving average of $1.21 and a 200-day moving average of $0.90. The company has a market cap of $430.68 million, a PE ratio of -8.07 and a beta of 1.51.

Cresco Labs Company Profile

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.