Atb Cap Markets Comments on Green Thumb Industries Inc.’s Q3 2024 Earnings (OTCMKTS:GTBIF)

Green Thumb Industries Inc. (OTCMKTS:GTBIF) – Equities researchers at Atb Cap Markets reduced their Q3 2024 earnings per share estimates for shares of Green Thumb Industries in a note issued to investors on Monday, August 5th. Atb Cap Markets analyst F. Gomes now expects that the company will post earnings per share of $0.06 for the quarter, down from their previous forecast of $0.07. The consensus estimate for Green Thumb Industries’ current full-year earnings is $0.32 per share. Atb Cap Markets also issued estimates for Green Thumb Industries’ FY2025 earnings at $0.34 EPS, FY2026 earnings at $0.46 EPS, FY2027 earnings at $0.58 EPS and FY2028 earnings at $0.70 EPS.

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

A number of other research firms have also recently commented on GTBIF. Needham & Company LLC raised their target price on Green Thumb Industries from $15.50 to $17.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Ventum Cap Mkts upgraded Green Thumb Industries to a “strong-buy” rating in a research note on Tuesday. Finally, Wedbush raised their target price on Green Thumb Industries from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Friday, May 10th.

Green Thumb Industries Stock Performance

OTCMKTS GTBIF opened at $11.76 on Wednesday. Green Thumb Industries has a fifty-two week low of $6.42 and a fifty-two week high of $16.33. The stock has a 50 day simple moving average of $11.63 and a two-hundred day simple moving average of $12.54. The stock has a market cap of $2.50 billion, a P/E ratio of 49.00 and a beta of 1.41.

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.