OTCMKTS:GTBIF FY2024 EPS Cut by Alliance Global Partners

Green Thumb Industries Inc. (OTCMKTS:GTBIF) – Research analysts at Alliance Global Partners cut their FY2024 earnings estimates for shares of Green Thumb Industries in a 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 prior estimate 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.

Several other equities research analysts have also recently commented on the stock. Ventum Cap Mkts raised shares of Green Thumb Industries to a “strong-buy” rating in a research report on Tuesday, August 6th. Craig Hallum raised shares of Green Thumb Industries to a “strong-buy” rating in a research report on Monday, September 16th. Three equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $16.50.

Green Thumb Industries Stock Up 2.1 %

Shares of OTCMKTS GTBIF opened at $10.29 on Friday. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 42.88 and a beta of 1.40. Green Thumb Industries has a twelve month low of $8.06 and a twelve month high of $16.33. The company’s fifty day moving average is $10.30 and its 200-day moving average is $11.26.

Green Thumb Industries (OTCMKTS:GTBIF) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The company had revenue of $280.15 million for the quarter, compared to analysts’ expectations of $277.01 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.