Ventum Cap Mkts Weighs in on OTCMKTS:GTBIF FY2024 Earnings

Green Thumb Industries Inc. (OTCMKTS:GTBIF) – Stock analysts at Ventum Cap Mkts dropped their FY2024 earnings estimates for Green Thumb Industries in a note issued to investors on Friday, November 8th. Ventum Cap Mkts analyst A. Semple now expects that the company will post earnings of $0.31 per share for the year, down from their prior forecast of $0.34. Ventum Cap Mkts has a “Strong-Buy” rating on the stock. The consensus estimate for Green Thumb Industries’ current full-year earnings is $0.32 per share. Ventum Cap Mkts also issued estimates for Green Thumb Industries’ Q4 2024 earnings at $0.06 EPS and FY2025 earnings at $0.25 EPS.

Several other equities analysts also recently weighed in on GTBIF. Roth Capital upgraded shares of Green Thumb Industries to a “strong-buy” rating in a research note on Sunday. Craig Hallum upgraded shares of Green Thumb Industries to a “strong-buy” rating in a research note on Monday, September 16th. Three research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Strong Buy” and an average target price of $16.50.

Green Thumb Industries Stock Performance

Shares of Green Thumb Industries stock opened at $8.95 on Monday. The stock has a market capitalization of $1.89 billion, a P/E ratio of 33.15 and a beta of 1.40. Green Thumb Industries has a 52-week low of $7.50 and a 52-week high of $16.33. The stock’s 50-day simple moving average is $10.24 and its 200 day simple moving average is $11.12.

Green Thumb Industries (OTCMKTS:GTBIF) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). Green Thumb Industries had a net margin of 5.38% and a return on equity of 3.39%. The firm had revenue of $286.87 million for the quarter, compared to the consensus estimate of $283.96 million.

About Green Thumb Industries

Green Thumb Industries Inc manufactures, distributes, markets, and sells of cannabis products for medical and adult-use in the United States. It operates through two segments, Retail and Consumer Packaged Goods. The company offers cannabis flower; processed and packaged products, including pre-rolls, concentrates, vapes, capsules, tinctures, edibles, topicals, and other cannabis-related products under the &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RHYTHM brands.