Green Thumb Industries (GTBIF) Expected to Announce Earnings on Wednesday

Green Thumb Industries (OTCMKTS:GTBIF) is anticipated to issue its results after the market closes on Wednesday, November 4th. Analysts expect Green Thumb Industries to announce earnings of $0.03 per share and revenue of $307.85 million for the quarter.

Green Thumb Industries (OTCMKTS:GTBIF) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. The firm had revenue of $306.68 million for the quarter, compared to analyst estimates of $298.99 million. On average, analysts expect Green Thumb Industries to post $0.16 EPS for the current fiscal year and $0.28 EPS for the next fiscal year.

Green Thumb Industries Stock Up 0.6%

Shares of GTBIF stock opened at $6.40 on Wednesday. Green Thumb Industries has a fifty-two week low of $5.29 and a fifty-two week high of $10.43. The stock’s fifty day moving average price is $7.13 and its two-hundred day moving average price is $7.19.

Analysts Set New Price Targets

GTBIF has been the topic of a number of recent analyst reports. Roth Capital set a $18.00 target price on Green Thumb Industries in a research report on Wednesday, August 5th. Seaport Research Partners reissued a “buy” rating and issued a $18.00 target price on shares of Green Thumb Industries in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $18.00.

About Green Thumb Industries

Green Thumb Industries Inc is a consumer packaged goods and retail cannabis company headquartered in Chicago, Illinois. Founded in 2014, the company develops, manufactures and distributes cannabis products for medical and adult-use markets, subject to applicable state regulations.

Its portfolio includes branded flower, pre-rolls, vape products, concentrates, edibles and other cannabis products sold under brands such as Good Green, &Shine, RYTHM, incredibles and Beboe. Green Thumb also operates retail cannabis dispensaries under the RISE brand, offering cannabis products and related accessories through its store network.

Green Thumb serves customers in multiple U.S.