Atb Cap Markets Forecasts Stronger Earnings for High Tide

High Tide Inc (CVE:HITFree Report) – Equities researchers at Atb Cap Markets upped their FY2024 earnings per share (EPS) estimates for shares of High Tide in a report released on Tuesday, October 22nd. Atb Cap Markets analyst F. Gomes now expects that the company will earn ($0.04) per share for the year, up from their prior estimate of ($0.06). Atb Cap Markets also issued estimates for High Tide’s Q4 2024 earnings at ($0.05) EPS, FY2025 earnings at $0.00 EPS, FY2026 earnings at $0.21 EPS, FY2027 earnings at $0.41 EPS and FY2028 earnings at $0.66 EPS.

High Tide (CVE:HITGet Free Report) last issued its quarterly earnings data on Monday, September 16th. The company reported C$0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.03) by C$0.04. The company had revenue of C$131.69 million for the quarter, compared to the consensus estimate of C$127.93 million.

Separately, Ventum Cap Mkts upgraded High Tide to a “strong-buy” rating in a report on Tuesday, July 16th.

Check Out Our Latest Stock Analysis on HIT

High Tide Stock Performance

HIT stock opened at C$0.01 on Friday. The stock has a 50-day moving average price of C$0.02 and a two-hundred day moving average price of C$0.05. High Tide has a 1 year low of C$0.01 and a 1 year high of C$0.04.

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Earnings History and Estimates for High Tide (CVE:HIT)

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