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

Green Thumb Industries (OTCMKTS:GTBIF) is anticipated to issue its results after the market closes on Tuesday, August 4th. Analysts expect the company to post earnings of $0.01 per share and revenue of $298.9920 million for the quarter.

Green Thumb Industries (OTCMKTS:GTBIF) last posted its earnings results on Wednesday, May 6th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The company had revenue of $300.19 million for the quarter, compared to analyst estimates of $297.64 million. Green Thumb Industries had a return on equity of 5.79% and a net margin of 10.14%. On average, analysts expect Green Thumb Industries to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Green Thumb Industries Stock Up 1.3%

Shares of OTCMKTS:GTBIF opened at $7.11 on Tuesday. The business’s 50 day moving average is $7.56 and its 200 day moving average is $7.25. Green Thumb Industries has a 12-month low of $5.29 and a 12-month high of $10.43. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 13.94 and a beta of 1.25.

Analysts Set New Price Targets

Separately, Benchmark restated a “buy” rating on shares of Green Thumb Industries in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Green Thumb Industries has a consensus rating of “Buy”.

Green Thumb Industries Company Profile

Green Thumb Industries is a diversified cannabis consumer packaged goods company and retailer with operations spanning cultivation, manufacturing and distribution. The company develops branded cannabis products across multiple formats, including dried flower, pre-rolls, oils, concentrates, edibles and vaporizers. Its product portfolio is marketed under well-known brand names tailored to the adult-use market, and the company works with licensed cultivators and partners to ensure consistent quality and compliance with state regulations.

In addition to its branded product lines, Green Thumb Industries maintains a network of wholly owned manufacturing facilities and distribution centers that supply its retail outlets as well as independent dispensaries.