Cormark Forecasts Weaker Earnings for Green Thumb Industries

Green Thumb Industries Inc. (OTCMKTS:GTBIF) – Research analysts at Cormark lowered their FY2024 earnings estimates for Green Thumb Industries in a report released 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 forecast 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.

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

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

Green Thumb Industries Trading Down 4.2 %

Shares of OTCMKTS:GTBIF opened at $9.29 on Wednesday. The stock has a fifty day simple moving average of $10.23 and a two-hundred day simple moving average of $11.05. Green Thumb Industries has a 12-month low of $7.50 and a 12-month high of $16.33. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 34.41 and a beta of 1.40.

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.