Analysts Estimate Green Thumb Industries Inc. (GTBIF) to Report a Decline in Earnings: What to Look Out for – Yahoo New Zealand News

Green Thumb Industries Inc. (GTBIF) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2022. This widely-known consensus outlook gives a good sense of the company’s earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The earnings report, which is expected to be released on August 3, 2022, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management’s discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it’s worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus Estimate

This company is expected to post quarterly earnings of $0.05 per share in its upcoming report, which represents a year-over-year change of -50%.

Revenues are expected to be $246.37 million, up 11% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 1% lower over the last 30 days to the current level. This is essentially a reflection of how

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