Cresco Labs FY2025 EPS Forecast Reduced by Ventum Cap Mkts

Cresco Labs Inc. (OTCMKTS:CRLBF) – Ventum Cap Mkts decreased their FY2025 earnings per share estimates for Cresco Labs in a report released on Wednesday, November 5th. Ventum Cap Mkts analyst A. Semple now forecasts 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 announced its quarterly earnings data on Friday, November 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). Cresco Labs had a negative return on equity of 13.92% and a negative net margin of 7.79%.The company had revenue of $165.00 million during the quarter, compared to analyst estimates of $163.74 million.

Separately, Zacks Research downgraded shares of Cresco Labs from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Cresco Labs presently has an average rating of “Reduce”.

Cresco Labs Price Performance

OTCMKTS:CRLBF opened at $1.07 on Monday. The company has a debt-to-equity ratio of 1.33, a current ratio of 3.10 and a quick ratio of 2.22. Cresco Labs has a one year low of $0.43 and a one year high of $1.62. The company has a fifty day moving average price of $1.21 and a 200 day moving average price of $0.90. The stock has a market cap of $380.85 million, a P/E ratio of -7.13 and a beta of 1.51.

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.