Green Thumb Industries Inc. (OTCMKTS:GTBIF – Free Report) – Investment analysts at Alliance Global Partners reduced their Q3 2023 earnings per share (EPS) estimates for shares of Green Thumb Industries in a note issued to investors on Wednesday, August 9th. Alliance Global Partners analyst A. Grey now expects that the company will earn $0.05 per share for the quarter, down from their prior forecast of $0.10. The consensus estimate for Green Thumb Industries’ current full-year earnings is $0.24 per share. Alliance Global Partners also issued estimates for Green Thumb Industries’ Q4 2023 earnings at $0.05 EPS, FY2023 earnings at $0.19 EPS and FY2024 earnings at $0.36 EPS.
Separately, Stifel Nicolaus cut their price objective on Green Thumb Industries from C$30.00 to C$22.00 in a research report on Monday, July 31st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $20.20.
Green Thumb Industries Price Performance
GTBIF opened at $6.60 on Friday. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of -73.33 and a beta of 1.81. Green Thumb Industries has a 1-year low of $6.42 and a 1-year high of $16.50. The business has a 50 day moving average price of $7.41 and a two-hundred day moving average price of $7.68.
Green Thumb Industries Company Profile
Green Thumb Industries Inc engages in the manufacture, distribution, and sale of various cannabis products for medical and adult-use in the United States. 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.
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