FY2024 Earnings Estimate for OTCMKTS:GTBIF Issued By Cormark

Green Thumb Industries Inc. (OTCMKTS:GTBIF) – Equities researchers at Cormark cut their FY2024 earnings estimates for Green Thumb Industries in a report released on Monday, November 11th. Cormark analyst J. Pytlak now expects that the company will post earnings per share of $0.33 for the year, down from their previous forecast of $0.38. The consensus estimate for Green Thumb Industries’ current full-year earnings is $0.32 per share. Cormark also issued estimates for Green Thumb Industries’ FY2025 earnings at $0.40 EPS.

Green Thumb Industries (OTCMKTS:GTBIF) last posted its quarterly 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). The business had revenue of $286.87 million for the quarter, compared to analyst estimates of $283.96 million. Green Thumb Industries had a return on equity of 3.39% and a net margin of 5.38%.

GTBIF has been the subject of a number of other research reports. Ventum Cap Mkts raised shares of Green Thumb Industries to a “strong-buy” rating in a research report on Tuesday, August 6th. Roth Capital raised shares of Green Thumb Industries to a “strong-buy” rating in a research report on Sunday. Finally, Craig Hallum upgraded shares of 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Strong Buy” and an average target price of $16.50.

Green Thumb Industries Stock Performance

Shares of OTCMKTS GTBIF traded up $1.15 during midday trading on Wednesday, reaching $8.95. 893,041 shares of the stock were exchanged, compared to its average volume of 464,708. The company has a 50 day simple moving average of $10.24 and a 200 day simple moving average of $11.12. The stock has a market capitalization of $1.89 billion, a P/E ratio of 33.15 and a beta of 1.40. Green Thumb Industries has a twelve month low of $7.50 and a twelve month high of $16.33.

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.