Seaport Res Ptn Forecasts OTCMKTS:GTBIF FY2024 Earnings

Green Thumb Industries Inc. (OTCMKTS:GTBIF - Free Report) - Stock analysts at Seaport Res Ptn reduced their FY2024 earnings per share (EPS) estimates for shares of Green Thumb Industries in a report issued on Monday, November 18th. Seaport Res Ptn analyst S. Randhawa now forecasts that the company will post earnings per share of $0.27 for the year, down from their prior 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.

GTBIF has been the subject of a number of other research reports. Ventum Cap Mkts raised Green Thumb Industries to a "strong-buy" rating in a report on Tuesday, August 6th. Craig Hallum raised Green Thumb Industries to a "strong-buy" rating in a research report on Monday, September 16th. 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.com, Green Thumb Industries currently has a consensus rating of "Strong Buy" and a consensus target price of $16.50.

Green Thumb Industries Stock Performance

Shares of OTCMKTS:GTBIF traded down $0.13 during trading on Wednesday, reaching $9.28. 272,766 shares of the stock traded hands, compared to its average volume of 463,365. The stock has a market cap of $1.96 billion, a P/E ratio of 34.37 and a beta of 1.40. Green Thumb Industries has a 52-week low of $7.50 and a 52-week high of $16.33. The stock has a 50-day moving average of $10.18 and a two-hundred day moving average of $10.98.

Green Thumb Industries (OTCMKTS:GTBIF - Get Free Report) last posted its quarterly 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). Green Thumb Industries had a return on equity of 3.39% and a net margin of 5.38%. The company had revenue of $286.87 million during the quarter, compared to analysts' expectations of $283.96 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.