Cresco Labs FY2025 EPS Forecast Lowered by Ventum Cap Mkts

Cresco Labs Inc. (OTCMKTS:CRLBF) – Ventum Cap Mkts decreased their FY2025 earnings per share (EPS) estimates for shares of Cresco Labs in a research note issued to investors on Wednesday, March 12th. Ventum Cap Mkts analyst A. Semple now forecasts that the company will earn ($0.09) per share for the year, down from their prior forecast of ($0.08). The consensus estimate for Cresco Labs’ current full-year earnings is ($0.20) per share.

Separately, Atb Cap Markets lowered shares of Cresco Labs from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Cresco Labs currently has an average rating of “Moderate Buy” and a consensus price target of $3.00.

Cresco Labs Stock Down 0.8 %

CRLBF stock opened at $0.73 on Monday. The company has a market cap of $358.29 million, a price-to-earnings ratio of -3.67 and a beta of 1.79. The company has a fifty day moving average price of $0.88 and a 200 day moving average price of $1.19. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.97 and a quick ratio of 1.39. Cresco Labs has a 12 month low of $0.70 and a 12 month high of $2.60.

Cresco Labs (OTCMKTS:CRLBF) last issued its quarterly earnings data on Friday, March 14th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $176.00 million during the quarter, compared to analysts’ expectations of $172.10 million. Cresco Labs had a negative return on equity of 16.52% and a negative net margin of 9.15%.

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.