Atb Cap Markets Analysts Cut Earnings Estimates for Curaleaf Holdings, Inc. (OTCMKTS:CURLF)

Curaleaf Holdings, Inc. (OTCMKTS:CURLFFree Report) – Equities research analysts at Atb Cap Markets lowered their Q3 2024 earnings per share estimates for Curaleaf in a research note issued to investors on Sunday, May 12th. Atb Cap Markets analyst F. Gomes now anticipates that the company will earn ($0.03) per share for the quarter, down from their prior forecast of ($0.02). The consensus estimate for Curaleaf’s current full-year earnings is ($0.18) per share. Atb Cap Markets also issued estimates for Curaleaf’s FY2024 earnings at ($0.15) EPS.

Curaleaf (OTCMKTS:CURLFGet Free Report) last posted its earnings results on Wednesday, March 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. The firm had revenue of $345.27 million during the quarter, compared to analysts’ expectations of $336.64 million. Curaleaf had a negative net margin of 20.29% and a negative return on equity of 14.43%.

Separately, Needham & Company LLC boosted their price objective on Curaleaf from $5.25 to $6.25 and gave the stock a “buy” rating in a research report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $4.63.

View Our Latest Analysis on CURLF

Curaleaf Trading Up 4.8 %

Shares of OTCMKTS CURLF opened at $5.87 on Wednesday. The business’s 50-day simple moving average is $5.11 and its 200-day simple moving average is $4.56. Curaleaf has a 52 week low of $2.40 and a 52 week high of $6.40. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.72 and a quick ratio of 0.41.

About Curaleaf

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Curaleaf Holdings, Inc operates a cannabis operator in the United States. It operates through two segments, Domestic Operations and International Operations. The company offers flower, pre-rolls, flower pots, and dry-herb vaporizer cartridges; concentrates for vaporizing which includes pre-filled vaporizer cartridges and disposable vaporizer pens; and concentrates for dabbing, such as mints, distillate droppers, mints, topical balms and lotions, tinctures, lozenges, capsules, and edibles.

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