Q3 2024 EPS Estimates for Green Thumb Industries Inc. (OTCMKTS:GTBIF) Increased by Analyst

Green Thumb Industries Inc. (OTCMKTS:GTBIF) – Research analysts at Roth Capital raised their Q3 2024 earnings per share (EPS) estimates for shares of Green Thumb Industries in a report issued on Tuesday, August 6th. Roth Capital analyst S. Fortune now expects that the company will earn $0.08 per share for the quarter, up from their previous forecast of $0.06. The consensus estimate for Green Thumb Industries’ current full-year earnings is $0.32 per share. Roth Capital also issued estimates for Green Thumb Industries’ FY2024 earnings at $0.39 EPS, Q2 2025 earnings at $0.11 EPS, Q3 2025 earnings at $0.10 EPS, Q4 2025 earnings at $0.11 EPS and FY2025 earnings at $0.41 EPS.

Several other research analysts have also issued reports on GTBIF. Wedbush boosted their target price on Green Thumb Industries from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. Needham & Company LLC upped their price objective on Green Thumb Industries from $15.50 to $17.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, Ventum Cap Mkts upgraded Green Thumb Industries to a “strong-buy” rating in a research note on Tuesday.

Green Thumb Industries Trading Up 6.6 %

Shares of OTCMKTS GTBIF opened at $11.76 on Wednesday. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 49.00 and a beta of 1.41. The firm’s 50-day moving average price is $11.63 and its 200-day moving average price is $12.54. Green Thumb Industries has a 12-month low of $6.42 and a 12-month high of $16.33.

Green Thumb Industries (OTCMKTS:GTBIF) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. Green Thumb Industries had a net margin of 5.38% and a return on equity of 3.39%. The business had revenue of $280.15 million during the quarter, compared to analyst estimates of $277.01 million.

Green Thumb Industries Company Profile

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.