FY2025 EPS Estimates for Cresco Labs Cut by Ventum Cap Mkts

Cresco Labs Inc. (OTCMKTS:CRLBF) – Ventum Cap Mkts reduced their FY2025 earnings per share estimates for Cresco Labs in a research note issued on Wednesday, November 5th. Ventum Cap Mkts analyst A. Semple now expects that the company will post earnings of ($0.13) per share for the year, down from their prior forecast of ($0.12). The consensus estimate for Cresco Labs’ current full-year earnings is ($0.20) per share. Ventum Cap Mkts also issued estimates for Cresco Labs’ FY2026 earnings at ($0.10) EPS.

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

Separately, Zacks Research lowered shares of Cresco Labs from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Cresco Labs Stock Down 1.6%

CRLBF stock opened at $1.21 on Monday. The firm’s fifty day simple moving average is $1.21 and its 200-day simple moving average is $0.90. The company has a market capitalization of $430.68 million, a P/E ratio of -8.07 and a beta of 1.51. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.49 and a quick ratio of 2.22. Cresco Labs has a 12 month low of $0.43 and a 12 month high of $1.62.

About Cresco Labs

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.