Q4 EPS Estimates for OTCMKTS:GTBIF Reduced by Analyst

Green Thumb Industries Inc. (OTCMKTS:GTBIF) – Investment analysts at Seaport Res Ptn dropped their Q4 2024 earnings per share estimates for Green Thumb Industries in a report released on Monday, November 18th. Seaport Res Ptn analyst S. Randhawa now expects that the company will post earnings of $0.02 per share for the quarter, down from their previous forecast 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’ Q1 2025 earnings at $0.02 EPS, Q2 2025 earnings at $0.03 EPS and Q4 2025 earnings at $0.04 EPS.

Green Thumb Industries (OTCMKTS:GTBIF) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $286.87 million during the quarter, compared to the consensus estimate of $283.96 million.

A number of other brokerages also recently commented on GTBIF. Ventum Cap Mkts upgraded Green Thumb Industries to a “strong-buy” rating in a research report on Tuesday, August 6th. Roth Capital raised Green Thumb Industries to a “strong-buy” rating in a report on Sunday, November 10th. Finally, Craig Hallum raised Green Thumb Industries to a “strong-buy” rating in a research note on Monday, September 16th. Three research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Green Thumb Industries presently has an average rating of “Strong Buy” and a consensus price target of $16.50.

Green Thumb Industries Price Performance

OTCMKTS GTBIF opened at $9.28 on Tuesday. Green Thumb Industries has a 12 month low of $7.50 and a 12 month high of $16.33. The company has a market capitalization of $1.96 billion, a P/E ratio of 34.37 and a beta of 1.40. The company’s 50 day simple moving average is $10.18 and its 200 day simple moving average is $10.98.

About Green Thumb Industries

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.