Green Thumb Industries (GTBIF) Projected to Release Quarterly Earnings on Wednesday

Green Thumb Industries (OTCMKTS:GTBIF) is expected to issue its results after the market closes on Wednesday, November 4th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $307.85 million for the quarter.

Green Thumb Industries (OTCMKTS:GTBIF) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. The business had revenue of $306.68 million during the quarter, compared to analyst estimates of $298.99 million. On average, analysts expect Green Thumb Industries to post $0.16 EPS for the current fiscal year and $0.28 EPS for the next fiscal year.

Green Thumb Industries Stock Up 0.6%

GTBIF stock opened at $6.40 on Wednesday. The company has a fifty day moving average price of $7.13 and a 200-day moving average price of $7.19. Green Thumb Industries has a 52-week low of $5.29 and a 52-week high of $10.43.

Analyst Ratings Changes

A number of analysts recently weighed in on GTBIF shares. Seaport Research Partners restated a “buy” rating and issued a $18.00 price objective on shares of Green Thumb Industries in a report on Thursday, August 6th. Roth Capital set a $18.00 target price on Green Thumb Industries in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

About Green Thumb Industries

Green Thumb Industries Inc is a consumer packaged goods and retail cannabis company headquartered in Chicago, Illinois. Founded in 2014, the company develops, manufactures and distributes cannabis products for medical and adult-use markets, subject to applicable state regulations.

Its portfolio includes branded flower, pre-rolls, vape products, concentrates, edibles and other cannabis products sold under brands such as Good Green, &Shine, RYTHM, incredibles and Beboe. Green Thumb also operates retail cannabis dispensaries under the RISE brand, offering cannabis products and related accessories through its store network.

Green Thumb serves customers in multiple U.S.