OTCMKTS:GTBIF FY2024 EPS Cut by Alliance Global Partners

Green Thumb Industries Inc. (OTCMKTS:GTBIF) – Equities researchers at Alliance Global Partners cut their FY2024 earnings per share (EPS) estimates for shares of Green Thumb Industries in a research note issued to investors on Wednesday, October 30th. Alliance Global Partners analyst A. Grey now forecasts that the company will post earnings of $0.33 per share for the year, down from their previous forecast of $0.34. The consensus estimate for Green Thumb Industries’ current full-year earnings is $0.32 per share. Alliance Global Partners also issued estimates for Green Thumb Industries’ FY2025 earnings at $0.22 EPS.

Other equities analysts also recently issued research reports about the stock. Craig Hallum upgraded shares of Green Thumb Industries to a “strong-buy” rating in a research note on Monday, September 16th. Ventum Cap Mkts upgraded shares of Green Thumb Industries to a “strong-buy” rating in a research note on Tuesday, August 6th. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $16.50.

Green Thumb Industries Price Performance

GTBIF opened at $10.08 on Friday. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 42.00 and a beta of 1.40. The business has a fifty day moving average price of $10.32 and a 200 day moving average price of $11.30. Green Thumb Industries has a 12 month low of $7.68 and a 12 month high of $16.33.

Green Thumb Industries (OTCMKTS:GTBIF) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. Green Thumb Industries had a net margin of 5.38% and a return on equity of 3.39%. The company had revenue of $280.15 million for the quarter, compared to analyst estimates of $277.01 million.

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.