Brokers Offer Predictions for OTCMKTS:GTBIF FY2024 Earnings

Green Thumb Industries Inc. (OTCMKTS:GTBIF) – Equities researchers at Seaport Res Ptn dropped their FY2024 EPS estimates for shares of Green Thumb Industries in a note issued to investors on Monday, November 18th. Seaport Res Ptn analyst S. Randhawa now forecasts that the company will post earnings of $0.27 per share for the year, down from their previous estimate 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.

Green Thumb Industries (OTCMKTS:GTBIF) last posted its earnings results on Thursday, November 7th. The company reported $0.04 earnings per share 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 company had revenue of $286.87 million for the quarter, compared to the consensus estimate of $283.96 million.

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

Green Thumb Industries Stock Up 3.4 %

Shares of GTBIF stock opened at $9.60 on Wednesday. Green Thumb Industries has a twelve month low of $7.50 and a twelve month high of $16.33. The stock’s fifty day simple moving average is $10.16 and its 200 day simple moving average is $10.96. The firm has a market capitalization of $2.03 billion, a P/E ratio of 35.56 and a beta of 1.40.

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.