Ventum Cap Mkts Forecasts OTCMKTS:GTBIF FY2024 Earnings

Green Thumb Industries Inc. (OTCMKTS:GTBIF) – Investment analysts at Ventum Cap Mkts dropped their FY2024 earnings per share (EPS) estimates for shares of Green Thumb Industries in a research report issued to clients and investors on Friday, November 8th. Ventum Cap Mkts analyst A. Semple now expects that the company will post earnings per share of $0.31 for the year, down from their previous estimate of $0.34. Ventum Cap Mkts currently has a “Strong-Buy” rating on the stock. The consensus estimate for Green Thumb Industries’ current full-year earnings is $0.32 per share. Ventum Cap Mkts also issued estimates for Green Thumb Industries’ Q4 2024 earnings at $0.06 EPS and FY2025 earnings at $0.25 EPS.

A number of other equities analysts also recently issued reports on the company. Roth Capital upgraded Green Thumb Industries to a “strong-buy” rating in a research report on Sunday. Craig Hallum upgraded shares of Green Thumb Industries to a “strong-buy” rating in a report on Monday, September 16th. Three investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Green Thumb Industries has a consensus rating of “Strong Buy” and a consensus price target of $16.50.

Green Thumb Industries Price Performance

OTCMKTS:GTBIF opened at $8.95 on Monday. Green Thumb Industries has a one year low of $7.50 and a one year high of $16.33. The company has a market cap of $1.89 billion, a PE ratio of 33.15 and a beta of 1.40. The firm’s 50 day simple moving average is $10.24 and its 200 day simple moving average is $11.12.

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 analysts’ consensus estimates of $0.06 by ($0.02). Green Thumb Industries had a return on equity of 3.39% and a net margin of 5.38%. The firm had revenue of $286.87 million for the quarter, compared to the consensus estimate of $283.96 million.

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.