OTCMKTS:GTBIF FY2024 EPS Decreased by Seaport Res Ptn

Green Thumb Industries Inc. (OTCMKTS:GTBIF) – Equities research analysts at Seaport Res Ptn reduced their FY2024 earnings estimates for shares of Green Thumb Industries in a research report issued on Monday, November 18th. Seaport Res Ptn analyst S. Randhawa now anticipates that the company will post earnings of $0.27 per share for the year, down from their previous forecast of $0.32. The consensus estimate for Green Thumb Industries’ current full-year earnings is $0.32 per share. Seaport Res Ptn also issued estimates for Green Thumb Industries’ Q3 2025 earnings at $0.03 EPS and FY2025 earnings at $0.12 EPS.

A number of other equities analysts have also commented on the stock. Ventum Cap Mkts raised shares of Green Thumb Industries to a “strong-buy” rating in a research note on Tuesday, August 6th. Craig Hallum upgraded Green Thumb Industries to a “strong-buy” rating in a research report on Monday, September 16th. Finally, Roth Capital raised Green Thumb Industries to a “strong-buy” rating in a report on Sunday, November 10th. Three research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, Green Thumb Industries has a consensus rating of “Strong Buy” and an average price target of $16.50.

Green Thumb Industries Stock Down 2.7 %

Green Thumb Industries stock opened at $9.34 on Wednesday. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 34.59 and a beta of 1.40. Green Thumb Industries has a 12 month low of $7.50 and a 12 month high of $16.33. The business has a 50 day moving average price of $10.15 and a two-hundred day moving average price of $10.94.

Green Thumb Industries (OTCMKTS:GTBIF) last posted 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 return on equity of 3.39% and a net margin of 5.38%. The business had revenue of $286.87 million for the quarter, compared to analyst estimates 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.