Green Thumb: Analysts Anticipate Q1 Revenues Of US$187.4 Million

Green Thumb Industries (CSE: GTII) announced that they will be reporting their first quarter financials after hours on March 12th. Analysts have a consensus C$57.01 12-month price target on the company, via a total of 14 analysts, with three analysts having a strong buy rating and the other 11 having buy ratings. The street high comes from Craig Hallum with a C$74.40 price target, and the lowest target comes from Roth Capital with a C$45 price target.

Thirteen analysts have revenue estimates for the first quarter. The mean between all 13 is U$187.40 million; this number has been revised downwards from U$178.99 million at the start of the year. The highest revenue estimate currently sits at $192.30 million, while the lowest comes in at a U$181.26 million estimate.

Seven analysts has estimates for what this quarter’s gross profit margin will be. They expect the profit margin to come in at 55.98%, with this number being revised slightly downwards from 56.20% at the start of the year. Street high goes to Echelon Wealth with a 58% estimate and the lowest sits at 55% from BITG.

Onto EBITDA estimates, there are currently 10 analysts who have first quarter EBITDA estimates. The mean is currently U$67.20 million, with this number being revised upwards from U$61.19 million at the start of the year. Street high goes to Echelon Wealth with a U$71.90 million EBITDA estimate and the lowest being from Haywood with a U$63 million estimate.

Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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