Zacks Research Increases Earnings Estimates for High Tide

High Tide Inc. (NASDAQ:HITI) – Equities research analysts at Zacks Research upped their FY2026 earnings per share estimates for High Tide in a report released on Wednesday, September 16th. Zacks Research analyst T. Kerr now expects that the company will post earnings of $0.12 per share for the year, up from their prior estimate of $0.03. The consensus estimate for High Tide’s current full-year earnings is $0.07 per share. Zacks Research also issued estimates for High Tide’s Q4 2026 earnings at $0.02 EPS.

High Tide (NASDAQ:HITI) last issued its earnings results on Monday, September 14th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. The business had revenue of $141.74 million during the quarter, compared to analysts’ expectations of $138.97 million. High Tide had a positive return on equity of 5.13% and a negative net margin of 4.73%.

Several other research firms have also weighed in on HITI. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of High Tide in a report on Friday, July 17th. D. Boral Capital initiated coverage on shares of High Tide in a research report on Wednesday, July 22nd. They issued a “buy” rating and a $4.00 price target on the stock. Finally, Wall Street Zen raised shares of High Tide from a “hold” rating to a “buy” rating in a research note on Saturday. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $5.62.

High Tide Stock Performance

High Tide stock opened at $2.63 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.50 and a quick ratio of 0.81. The stock has a fifty day moving average price of $2.38 and a two-hundred day moving average price of $2.37. High Tide has a 52-week low of $2.02 and a 52-week high of $3.92. The firm has a market capitalization of $234.04 million, a P/E ratio of -11.43 and a beta of 0.62.

Hedge Funds Weigh In On High Tide

A number of large investors have recently modified their holdings of the stock. AXQ Capital LP acquired a new stake in shares of High Tide in the second quarter valued at approximately $86,000. Friday Financial acquired a new position in High Tide during the 2nd quarter worth $29,000. Renaissance Technologies LLC lifted its holdings in High Tide by 13.0% during the 1st quarter. Renaissance Technologies LLC now owns 1,067,632 shares of the company’s stock worth $2,445,000 after buying an additional 122,569 shares in the last quarter. State of Wyoming bought a new position in High Tide in the 1st quarter valued at $387,000. Finally, Spark Investment Management LLC acquired a new stake in shares of High Tide in the 4th quarter valued at $43,000. 4.52% of the stock is currently owned by institutional investors and hedge funds.

High Tide Company Profile

High Tide Inc is a Canadian cannabis company focused on the retail and sale of cannabis products and consumption accessories. Its retail operations are conducted primarily under the Canna Cabana brand, while its digital platforms support online shopping, customer engagement and loyalty programs.

The company offers a range of products, including dried cannabis, pre-rolls, cannabis oils, edibles, beverages and other cannabis formats, subject to applicable regulations. Through related brands and platforms, High Tide also sells smoking accessories and other products designed for cannabis consumers.

Founded in 2009, High Tide is headquartered in Calgary, Alberta, and serves Canadian consumers through its retail network and e-commerce operations.