- Green Thumb Industries (GTBIF, Financial) achieved a Q1 GAAP EPS of $0.04, in line with expectations.
- Revenue for Q1 reached $279.54 million, marking a 1.4% increase year-over-year, though missing targets by $4.18 million.
- The U.S. cannabis market continues to show promising growth potential, supporting optimism for future gains.
Green Thumb Industries (GTBIF) has recently reported its first-quarter earnings, showcasing a steady performance amidst a challenging market environment. The company announced a Q1 GAAP EPS of $0.04, meeting market forecasts. Despite generating $279.54 million in revenue—a year-over-year growth of 1.4%—the figures fell $4.18 million short of analysts' expectations. Nonetheless, Green Thumb maintains a positive outlook on the burgeoning U.S. cannabis market, bolstering confidence in its long-term growth trajectory.
Wall Street Analysts Forecast
According to projections from three analysts, the one-year price target for Green Thumb Industries Inc (GTBIF, Financial) averages at $14.33. This includes a high projection of $17.00 and a low of $12.00, suggesting a significant potential upside of 138.10% from the current trading price of $6.02. For more in-depth information, please visit the Green Thumb Industries Inc (GTBIF) Forecast page.
Analysts' Recommendations and Valuation Insights
The consensus recommendation from 10 brokerage analyses positions Green Thumb Industries Inc (GTBIF, Financial) with an average score of 2.0, indicating an "Outperform" rating. This evaluation ranks on a scale from 1 to 5, where 1 represents a Strong Buy and 5 indicates a Sell.
Furthermore, GuruFocus provides a GF Value estimate for Green Thumb Industries Inc (GTBIF, Financial) set at $11.16 for the upcoming year. This figure suggests an upside potential of 85.38% compared to the current stock price of $6.02. The GF Value is a meticulous estimate reflecting the stock's fair trading value, derived from historical trading multiples, past business growth trends, and future business performance projections. For additional insights, explore the Green Thumb Industries Inc (GTBIF) Summary page.
