Green Thumb: Analysts Call For $207 Million In Q2 Revenue
Green Thumb Industries (CSE: GTII) announced that they will be reporting their second quarter financials after the market closes on August 11.
Analysts have a consensus C$56.77 12-month price target on the company, via a total of 16 analysts, with 4 analyst having a strong buy rating, and 12 analysts have a buy rating. The street high comes from BTIG with a C73 price target, and the lowest comes in at a C$38.98 price target.
12 analysts have revenue estimates for the second quarter. The mean between all 12 is $207.25 million; this number has been revised slightly higher from $200 million at the start of the year. The street high is $222.8 million while the lowest sits at $200 million.
Eight analysts have estimates for what this quarter’s gross profit margin will be. They expect the profit margin to come in at 56.25%, with this number being the same since the start of the year. Street high goes to Piper Sandler with a 57% estimate and the lowest sits at 55%.
Onto EBITDA estimates, there are currently 10 analysts who have second quarter EBITDA estimates. The mean is currently $74.17 million, with this number being slightly higher than at the start of the year. Street high goes to Echelon Wealth with a $77.7 million EBITDA estimate and the lowest being a $70 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.
