Green Thumb Industries Inc. Forecasted to Earn Q3 2023 Earnings of $0.10 Per Share (OTCMKTS:GTBIF)

Green Thumb Industries Inc. (OTCMKTS:GTBIFGet Rating) – Seaport Res Ptn lifted their Q3 2023 earnings estimates for Green Thumb Industries in a research report issued to clients and investors on Wednesday, March 1st. Seaport Res Ptn analyst S. Randhawa now expects that the company will earn $0.10 per share for the quarter, up from their previous forecast of $0.05. The consensus estimate for Green Thumb Industries’ current full-year earnings is $0.33 per share.

GTBIF has been the subject of a number of other research reports. Stifel Nicolaus cut their target price on shares of Green Thumb Industries from C$31.00 to C$30.00 in a research report on Wednesday, February 8th. Cantor Fitzgerald decreased their price target on shares of Green Thumb Industries from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Wednesday. Piper Sandler lowered shares of Green Thumb Industries from an “overweight” rating to a “neutral” rating in a research report on Monday, February 27th. Wedbush decreased their target price on shares of Green Thumb Industries from $18.00 to $12.00 in a research report on Friday. Finally, Benchmark reissued a “buy” rating and set a $18.00 price target on shares of Green Thumb Industries in a report on Wednesday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $23.25.

Green Thumb Industries Stock Performance

Green Thumb Industries stock opened at $8.90 on Friday. The company has a 50 day moving average price of $8.35 and a 200 day moving average price of $10.51. Green Thumb Industries has a 52 week low of $7.40 and a 52 week high of $19.51. The firm has a market capitalization of $2.10 billion and a price-to-earnings ratio of 222.50.

Green Thumb Industries Company Profile

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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.

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