Green Thumb Industries (GTBIF) to Announce Quarterly Earnings on Tuesday

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

Green Thumb Industries (OTCMKTS:GTBIF) last released 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. Green Thumb Industries had a net margin of 10.14% and a return on equity of 5.79%. The firm had revenue of $300.19 million for the quarter, compared to analysts’ expectations of $297.64 million. 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%

Green Thumb Industries stock opened at $7.11 on Tuesday. Green Thumb Industries has a twelve month low of $5.29 and a twelve month high of $10.43. The firm has a 50 day moving average price of $7.56 and a 200-day moving average price of $7.25. The company has a market capitalization of $1.39 billion, a P/E ratio of 13.94 and a beta of 1.25.

Analyst Ratings Changes

Separately, Benchmark reaffirmed a “buy” rating on shares of Green Thumb Industries in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently 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.