Green Thumb Industries Inc. (GTBIF) came out with quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -28.57%. A quarter ago, it was expected that this company would post earnings of $0.07 per share when it actually produced earnings of $0.04, delivering a surprise of -42.86%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Green Thumb Industries Inc. , which belongs to the Zacks Medical – Products industry, posted revenues of $259.27 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 1.78%. This compares to year-ago revenues of $243.58 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.
Green Thumb Industries Inc. Shares have lost about 5% since the beginning of the year versus the S&P 500’s gain of 3.7%.
What’s Next for Green Thumb Industries Inc.
While Green Thumb Industries Inc.
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