Seaport Res Ptn Comments on Curaleaf Holdings, Inc.’s Q2 2024 Earnings (OTCMKTS:CURLF)

Curaleaf Holdings, Inc. (OTCMKTS:CURLF) – Equities research analysts at Seaport Res Ptn decreased their Q2 2024 earnings estimates for Curaleaf in a research note issued on Tuesday, July 23rd. Seaport Res Ptn analyst S. Randhawa now forecasts that the company will post earnings per share of ($0.07) for the quarter, down from their previous estimate of ($0.06). The consensus estimate for Curaleaf’s current full-year earnings is ($0.21) per share. Seaport Res Ptn also issued estimates for Curaleaf’s Q3 2024 earnings at ($0.06) EPS, Q4 2024 earnings at ($0.06) EPS, FY2024 earnings at ($0.26) EPS, Q1 2025 earnings at ($0.05) EPS, Q2 2025 earnings at ($0.04) EPS, Q3 2025 earnings at ($0.04) EPS and Q4 2025 earnings at ($0.03) EPS.

Separately, Needham & Company LLC boosted their target price on Curaleaf from $5.25 to $6.25 and gave the company a “buy” rating in a research note on Friday, May 10th.

Curaleaf Stock Performance

OTCMKTS CURLF opened at $4.03 on Friday. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of -10.33 and a beta of 0.88. The company has a 50-day simple moving average of $4.27 and a two-hundred day simple moving average of $4.80. The company has a quick ratio of 0.36, a current ratio of 0.72 and a debt-to-equity ratio of 0.74. Curaleaf has a 12-month low of $2.51 and a 12-month high of $6.40.

Curaleaf (OTCMKTS:CURLF) last released its earnings results on Thursday, May 9th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The business had revenue of $338.93 million for the quarter, compared to the consensus estimate of $341.25 million. Curaleaf had a negative net margin of 20.29% and a negative return on equity of 14.43%.

About Curaleaf

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.