High Tide Inc (HITI, Financial) is set to release its Q3 2024 earnings on Sep 16, 2024. The consensus estimate for Q3 2024 revenue is $94.54 million, and the earnings are expected to come in at -$0.02 per share. The full year 2024's revenue is expected to be $378.52 million and the earnings are expected to be -$0.03 per share. More detailed estimate data can be found on the Estimates page.
High Tide Inc (HITI, Financial) Estimates Trends
Revenue estimates for High Tide Inc (HITI) have declined from $386.92 million to $378.52 million for the full year 2024 and from $451.19 million to $429.40 million for 2025 over the past 90 days. Earnings estimates have also seen a decrease, moving from -$0.02 per share to -$0.03 per share for the full year 2024 and from $0.15 per share to $0.06 per share for 2025 in the same period.
High Tide Inc (HITI, Financial) Reported History
In the previous quarter of 2024-04-30, High Tide Inc's (HITI) actual revenue was $91.56 million, which missed analysts' revenue expectations of $94.021 million by -2.62%. High Tide Inc's (HITI) actual earnings were $0.00 per share, which met analysts' earnings expectations. After releasing the results, High Tide Inc (HITI) was down by -2.66% in one day.
High Tide Inc (HITI, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 1 analyst, the average target price for High Tide Inc (HITI) is $4.48 with a high estimate of $4.48 and a low estimate of $4.48. The average target implies an upside of 103.56% from the current price of $2.20.
Based on GuruFocus estimates, the estimated GF Value for High Tide Inc (HITI, Financial) in one year is $3.16, suggesting an upside of 43.64% from the current price of $2.20.
Based on the consensus recommendation from 1 brokerage firm, High Tide Inc's (HITI, Financial) average brokerage recommendation is currently 2.0, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
