Alliance Global Partners Brokers Cut Earnings Estimates for Green Thumb Industries Inc. (OTCMKTS:GTBIF)

Green Thumb Industries Inc. (OTCMKTS:GTBIF) – Stock analysts at Alliance Global Partners cut their Q1 2024 earnings per share estimates for Green Thumb Industries in a research report issued to clients and investors on Thursday, November 9th. Alliance Global Partners analyst A. Grey now anticipates that the company will post earnings per share of $0.04 for the quarter, down from their previous estimate of $0.09. The consensus estimate for Green Thumb Industries’ current full-year earnings is $0.21 per share. Alliance Global Partners also issued estimates for Green Thumb Industries’ Q2 2024 earnings at $0.04 EPS, Q3 2024 earnings at $0.05 EPS and Q4 2024 earnings at $0.05 EPS.

Green Thumb Industries (OTCMKTS:GTBIF) last released its earnings results on Wednesday, November 8th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Green Thumb Industries had a positive return on equity of 2.65% and a negative net margin of 1.76%. The business had revenue of $275.40 million for the quarter, compared to analysts’ expectations of $257.19 million.

Separately, Stifel Nicolaus cut their price target on Green Thumb Industries from C$30.00 to C$22.00 in a report on Monday, July 31st.

Green Thumb Industries Trading Up 5.5 %

OTCMKTS:GTBIF opened at $9.79 on Monday. Green Thumb Industries has a 12-month low of $6.42 and a 12-month high of $16.50. The stock has a 50-day moving average price of $10.01 and a 200 day moving average price of $8.33. The stock has a market capitalization of $2.09 billion, a P/E ratio of -122.38 and a beta of 1.51.

About Green Thumb Industries

Green Thumb Industries Inc engages in the manufacture, distribution, and sale of various cannabis products for medical and adult-use in the United States. 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.