FY2024 Earnings Estimate for OTCMKTS:GTBIF Issued By Cormark

Green Thumb Industries Inc. (OTCMKTS:GTBIF) – Cormark reduced their FY2024 earnings per share (EPS) estimates for shares of Green Thumb Industries in a research note issued on Monday, November 11th. Cormark analyst J. Pytlak now anticipates that the company will post earnings of $0.33 per share for the year, down from their previous estimate of $0.38. The consensus estimate for Green Thumb Industries’ current full-year earnings is $0.32 per share. Cormark also issued estimates for Green Thumb Industries’ FY2025 earnings at $0.40 EPS.

Other analysts have also recently issued reports about the company. Ventum Cap Mkts raised Green Thumb Industries to a “strong-buy” rating in a research note on Tuesday, August 6th. Craig Hallum raised Green Thumb Industries to a “strong-buy” rating in a research note on Monday, September 16th. Finally, Roth Capital raised Green Thumb Industries to a “strong-buy” rating in a research note on Sunday. Three equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Strong Buy” and an average price target of $16.50.

Green Thumb Industries Trading Up 14.7 %

Shares of GTBIF stock traded up $1.15 on Wednesday, reaching $8.95. The company had a trading volume of 893,041 shares, compared to its average volume of 464,708. The stock has a market cap of $1.89 billion, a PE ratio of 33.15 and a beta of 1.40. The company has a 50-day moving average of $10.24 and a 200-day moving average of $11.12. Green Thumb Industries has a 12 month low of $7.50 and a 12 month high of $16.33.

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

Green Thumb Industries Company Profile

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.