Seaport Res Ptn Weighs in on OTCMKTS:GTBIF Q4 Earnings

Green Thumb Industries Inc. (OTCMKTS:GTBIF) – Stock analysts at Seaport Res Ptn lowered their Q4 2024 earnings per share estimates for shares of Green Thumb Industries in a report released on Monday, November 18th. Seaport Res Ptn analyst S. Randhawa now anticipates that the company will earn $0.02 per share for the quarter, down from their previous forecast of $0.04. The consensus estimate for Green Thumb Industries’ current full-year earnings is $0.32 per share. Seaport Res Ptn also issued estimates for Green Thumb Industries’ Q1 2025 earnings at $0.02 EPS, Q2 2025 earnings at $0.03 EPS and Q4 2025 earnings at $0.04 EPS.

GTBIF has been the subject of several other reports. Roth Capital raised shares of Green Thumb Industries to a “strong-buy” rating in a report on Sunday, November 10th. Craig Hallum upgraded Green Thumb Industries to a “strong-buy” rating in a research note on Monday, September 16th. Finally, Ventum Cap Mkts upgraded Green Thumb Industries to a “strong-buy” rating in a research note on Tuesday, August 6th. Three analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Strong Buy” and an average target price of $16.50.

Green Thumb Industries Stock Performance

Shares of GTBIF stock opened at $9.28 on Tuesday. The stock’s 50 day simple moving average is $10.18 and its 200 day simple moving average is $10.98. Green Thumb Industries has a twelve month low of $7.50 and a twelve month high of $16.33. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 34.37 and a beta of 1.40.

Green Thumb Industries (OTCMKTS:GTBIF) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). Green Thumb Industries had a net margin of 5.38% and a return on equity of 3.39%. The business had revenue of $286.87 million for the quarter, compared to the consensus estimate of $283.96 million.

About Green Thumb Industries

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.