Green Thumb Industries Inc. (OTCMKTS:GTBIF – Free Report) – Investment analysts at Seaport Res Ptn raised their third quarter 2024 earnings forecasts for Green Thumb Industries in a research note issued on Monday, August 12. Seaport Res Ptn analyst S. Randhawa now expects the company to report earnings per share of $0.05 for the quarter, up from their previous estimate of $0.04. 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’ fiscal 2024 earnings of $0.32 per share, third quarter 2025 earnings of $0.07 per share and fiscal 2025 earnings of $0.27 per share.
Green Thumb Industries (OTCMKTS:GTBIF – Get Free Report) released its last earnings results on Monday, August 5. The company reported $0.09 earnings per share for the quarter, beating 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 the consensus estimate of $277.01 million.
GTBIF has been the subject of several other research reports. Wedbush increased their price target on Green Thumb Industries from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. Needham & Company LLC increased their price target on shares of Green Thumb Industries from $15.50 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Finally, Ventum Cap Mkts upgraded shares of Green Thumb Industries to a “strong-buy” rating in a research note on Tuesday, August 6th.
Read our latest analysis on Green Thumb Industries
Green Thumb Industries share price
GTBIF shares opened at $10.77 on Wednesday. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 44.88, and a beta of 1.41. Green Thumb Industries has a 52-week low of $6.61 and a 52-week high of $16.33. The company has a 50-day moving average of $11.51 and a 200-day moving average of $12.44.
About Green Thumb Industries
(Get free report)
Green Thumb Industries Inc. produces, distributes, markets and sells cannabis products for medical and recreational use in the United States. The Company operates in two segments: Retail and Consumer Products. The Company offers cannabis flower, processed and packaged products including pre-rolled joints, concentrates, vapes, capsules, tinctures, edibles, topicals and other cannabis products under the brands &Shine, Beboe, Dogwalkers, Doctor Solomon’s, Good Green, Incredibles and RHYTHM.
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