Analysts Offer Predictions for OTCMKTS:GTBIF Q4 Earnings

Green Thumb Industries Inc. (OTCMKTS:GTBIF) – Stock analysts at Seaport Res Ptn cut their Q4 2024 earnings estimates for Green Thumb Industries in a research note issued to investors on Monday, November 18th. Seaport Res Ptn analyst S. Randhawa now forecasts that the company will post earnings of $0.02 per share for the quarter, down from their prior 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.

Green Thumb Industries (OTCMKTS:GTBIF) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.04 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $283.96 million.

Other research analysts also recently issued reports about the company. Craig Hallum upgraded Green Thumb Industries to a “strong-buy” rating in a research note on Monday, September 16th. Roth Capital upgraded shares of Green Thumb Industries to a “strong-buy” rating in a report on Sunday, November 10th. Finally, Ventum Cap Mkts upgraded shares of Green Thumb Industries to a “strong-buy” rating in a research note on Tuesday, August 6th. Three equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy” and a consensus target price of $16.50.

Green Thumb Industries Stock Performance

OTCMKTS:GTBIF opened at $9.41 on Tuesday. Green Thumb Industries has a 52-week low of $7.50 and a 52-week high of $16.33. The company has a market cap of $1.99 billion, a P/E ratio of 34.85 and a beta of 1.40. The stock’s 50-day simple moving average is $10.20 and its 200 day simple moving average is $11.00.

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.