Zacks Research Predicts Stronger Earnings for High Tide

High Tide Inc. (NASDAQ:HITI) – Zacks Research boosted their FY2026 EPS estimates for High Tide in a report released on Wednesday, September 16th. Zacks Research analyst T. Kerr now anticipates that the company will post earnings per share of $0.12 for the year, up from their prior forecast 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.

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

High Tide Stock Up 4.9%

NASDAQ HITI opened at $2.76 on Monday. The stock has a fifty day moving average of $2.39 and a 200-day moving average of $2.37. The stock has a market capitalization of $245.61 million, a P/E ratio of -12.00 and a beta of 0.62. High Tide has a 52 week low of $2.02 and a 52 week high of $3.92. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.81 and a current ratio of 1.50.

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

Hedge Funds Weigh In On High Tide

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