Equities Analysts Issue Forecasts for Green Thumb Industries Inc.’s FY2022 Earnings (OTCMKTS:GTBIF)

Green Thumb Industries Inc. (OTCMKTS:GTBIFGet Rating) – Analysts at Jefferies Financial Group cut their FY2022 earnings estimates for Green Thumb Industries in a research report issued to clients and investors on Wednesday, November 9th. Jefferies Financial Group analyst O. Bennett now expects that the company will earn $0.35 per share for the year, down from their previous estimate of $0.36. The consensus estimate for Green Thumb Industries’ current full-year earnings is $0.33 per share. Jefferies Financial Group also issued estimates for Green Thumb Industries’ Q4 2022 earnings at $0.08 EPS and FY2024 earnings at $0.44 EPS.

A number of other equities research analysts have also recently issued reports on the company. Cowen lowered their price objective on Green Thumb Industries from $45.00 to $20.00 in a research note on Thursday, August 4th. Alliance Global Partners cut their price objective on shares of Green Thumb Industries to C$25.00 in a report on Thursday, August 4th. Cantor Fitzgerald boosted their target price on shares of Green Thumb Industries from $32.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, November 3rd. Seaport Res Ptn reiterated a “buy” rating on shares of Green Thumb Industries in a research note on Friday, July 22nd. Finally, BTIG Research reissued a “buy” rating on shares of Green Thumb Industries in a report on Friday, October 28th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $32.33.

Green Thumb Industries Stock Up 3.0 %

GTBIF opened at $13.60 on Friday. The company’s 50-day moving average price is $11.33 and its two-hundred day moving average price is $11.04. Green Thumb Industries has a twelve month low of $7.72 and a twelve month high of $28.56. The stock has a market cap of $3.21 billion and a price-to-earnings ratio of 37.78.

Green Thumb Industries Company Profile

(Get Rating)

Green Thumb Industries Inc engages in manufacture, distribution, and sale of various cannabis products for medical and adult-use in the United States. It offers cannabis flower; and processed and packaged products, including pre-rolls, concentrates, vapes, tinctures, edibles, topicals, and other cannabis-related products under the Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RHYTHM brands.

See Also

Earnings History and Estimates for Green Thumb Industries (OTCMKTS:GTBIF)

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